Short-term financing

Joint Stock Commercial Bank AK BARS offers favorable terms and conditions for raising international facilities from foreign banks for financing of short-term projects of its clients. Facilities are attracted both for general purposes and financing of wide spectrum of short-term commercial transactions of the clients.

Short-term international trade financing is a loan issued or a credit line set by a foreign bank to a Russian importer/exporter or to a bank for financing of the international trade contracts of the clients.

Types of short-term financing:

• L/C with post-financing;
• discounting of L/Cs with deferred payments;
• tied loans refinanced by foreign credit institutions.

Short-term trade financing from AK BARS Bank includes:

• optimum low costs;
• wide net of correspondent banks offering financing;
• choice of the optimal form of settlements under the contract;
• chance to get a delay in payment up to 2 years;
• possible minimization of risks in case of non-payment or non-delivery.

Requirements

• The period of real working of the company or a business group (several companies under one owner) in its field of business should be not less than 3 years.

2. Break-even business for the last 4 quarters.
3. Absence of overdue commitments to budgetary and off-budgetary funds.

Handling  procedures

1.  Importer addresses the Bank with an application for financing of foreign trade contract for export of goods/services out of Russian Federation.
2.  Importer delivers package of documents in the Bank.
3.  Credit Committee of the Bank makes a decision concerning financing of the project.
4.  In case if Credit Committee of AK BARS Bank and Credit Committee of a foreign bank approve financing of the project all the  required documents between the Importer and AK BARS Bank are signed.

Required documents

1. Financial statements of the enterprise for the last 3 years under review (audited statements if any);
2. Copy of foreign trade contract;
3. Information about the types of security guaranteeing refund of loan facilities;
4. Other documents on the Bank’s request.

Contacts

Integrated inquiry office of Joint Stock Commercial Bank AK BARS

• (843) 2-303-303 (Kazan);
• 8-800-2005-303 (free call throughout Russia)

International structured finance department

• Telephone number: (843) 519-38-82;
• fax: (843) 519-39-92.

Documentary business department

• Telephone number: (843) 519-38-82;
• fax: (843) 519-39-95.

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