Trade Finance

International trade is a dynamic sector requiring from its participants not only prompt and yet deliberate decision-making but also free funds allowing you to benefit from good opportunities.

Expecting payments for delivered goods or purchasing a new consignment may lead to working capital deficiency, which slows down sales processes and prevents your business from expanding or developing.

Our private bankers and commodity trade finance specialists are always ready to explore your specific requirements and provide customized short-term credit solutions to finance your international trading activity.

Our main commodity trade finance team is based in Riga with a special advisor available in Geneva and a network of representative offices located in CIS countries and Hong Kong.

  • Financing of Documentary Operations

    You deserve consistent development of your business. We propose you to finance documentary operations for increasing your working capital.

    Advantages

    • no need to freeze company’s assets for performing a transaction,
    • quick review of application and time-saving procedure of receiving financing,
    • mitigation of risk of non-complying goods’ delivery,
    • use of settlement advantages associated with letters of credit,
    • increasing company’s competitiveness.

    Our offer

    • import letter of credit financing,
    • export letter of credit financing,
    • back-to-back letter of credit,
    • financing of deferred payments under export letter of credit.
  • Documentary Operations

  • Additional Information for Customers

    Use your Internetbank ID and password to access customer information.

  • Overdraft instead of conversion

    Our commercial client pays to his suppliers in euros and sells goods for U.S. dollars.
    • Once, when it was time to pay to the supplier and our client had dollars on his account, he saw that the dollar against the euro was growing, so he decided that it was not profitable to buy euros at the moment, and it would be better to do it later.

      The client called us for advice. His private banker offered him to take an overdraft in euro secured by dollars the client had on his current account.

    • Thus the client would be able to pay in euro for the delivery immediately, and to convert later when paying off the overdraft.

      The client was correct in his forecast of currency rate change, and ultimately the cost of the overdraft was significantly lower than the rates difference that provided the client with an extra profit from the transaction.

    Sergei Deinekin

    Head of Private Banking Department West

  • Bonus overdraft at the right time

    At the end of the working day, around 7 p. m., the Client Line received a call from our client – the company engaged in logistics. Its employee found himself in a difficult situation: being on a gas station in Poland, he did not have enough money on his card account to pay for fuel.
    • In this company there work a lot of drivers, and each of them has a payment card for settlements during their trips. One employee of the company is responsible for monitoring the balance on drivers’ card accounts. Unfortunately, in the described situation the driver’s card account hadn’t been replenished on time, although there was enough money on the company’s account. The banking day has closed and the private bankers serving this company's account left.

    • Fortunately, their colleague stayed in the office, and the head of the department, inputting transactions into the banking system, was still at work as well. All parties involved quickly coordinated their actions, as a result, in less than a half an hour, the driver was granted a bonus overdraft on his card account. The driver paid for the fuel and was able to continue his way without disrupting the schedule.

    Vladislavs Serdjuks

    Head of Private Banking Department North