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.

  • The beginning of a good credit history

    Our client, working in the sphere of industrial and marine equipment wholesale, experienced an urgent need for funds to pay for delivery to his partners. The balance of his current account didn’t allow him to make a payment in the required amount, so the client turned to us for help.
    • At that time, the client opened an EXTRA savings account with the funds he didn’t plan to withdraw urgently. We offered him an overdraft secured with the money on his saving account, the client agreed and managed to make a payment to his partners.

    • Then the client paid off the overdraft ahead of the schedule, and as it turned out it was the first loan in his life. Thus, with our help, the client retained the image of a stable and reliable partner in the eyes of his partners and, in addition, earned a good credit history.

    Andrei Trofimov

    Head of Private Banking Department East

  • 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