Cash-Settlement Servicing

Ak Bars Bank makes much of its clients’ business, and regards it as one of the priorities of its activities. The Bank always attempts to provide its customers with the widest range of services and to ensure the most convenient conditions possible for its customers’ businesses.

The tone of its business dealings and the high quality of banking services contributeto the growth of trust on the part of the Bank’s customers and, as a result, to a continual opening of accounts with the Bank.

A professional approach focused on the progressive improvement of customer servicing enables it to consider the individual requirements of each client and to provide a timely advisory service to clients on cash-settlement servicing and foreign exchange control.

Ak Bars Bank executes foreign currency transactions. The Bank:

• credits proceeds to customers;
• executes payments abroad by order of its customers;
• purchases foreign currency against Russian rubles;
• executes conversion operations;
• executes sale (including obligatory sale) of foreign currency.

Ak Bars Bank controls all types of foreign exchange operations in accordance with the current foreign exchange legislation.

Highly qualified experts consult the Bank’s customers at every stage of the transactions. The Bank provides its customers with a wide range of services based on the following principles:

• an individual approach to each customer;
• strict observance of the current legislation;
• progressive methods and technology applied when providing services to the Bank’s customers;
• a high level of professionalism from the Bank’s staff;
• regular and timely provision of information to the Bank’s customers on all amendments of the applicable Russian foreign exchange regulations;
• prompt (within one hour) preparation of foreign exchange control documents in compliance with the regulations of the Bank of Russia.

Ak Bars Bank offers services on the arranging of remote bank document turnover using the Client-Bank system. The use of this system substantially improves the execution of payments and streamlines the efficiency of the foreign currency account management.