Foreign banks' funding is available to AK BARS Bank

AK BARS Bank continues to operate in the trade finance market raising tied loans.

AK BARS Bank is raising tied financing from its long-term partner Raiffeisen Bank International AG (Austria) under OeKB guarantee. Total amount of financing is EUR 3.8 mln. Despite the downgrade of the international ratings of Russia and toughened requirements of foreign banks towards Russian borrowers, financing was provided on favorable terms. The loan will be utilized for financing of the industrial product purchase by AK BARS’ customer from an Austrian company.

AK BARS Bank consistently meets the requirements of its customers in financing of their purchase of equipment, production lines and other products from foreign manufacturers due to an extensive partner banks network.

In the continued challenging conditions in the international capital markets, limits set to AK BARS Bank for trade finance transactions are open, and partner banks are ready to provide financing for its clients’ import and export contracts provided the Bank is complaint with the banks’ requirements.

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