Joint-Stock Commercial Bank «AK BARS» offers its corporate customers services to help sustain foreign economic activity.
Joint-Stock Commercial Bank «AK BARS» offers favourable terms and conditions for raising international facilities from foreign banks for the financing of its clients’ short-term projects. Facilities are attracted both for general purposes, and for the financing of a wide variety of its clients’ short-term commercial transactions.
Short-term international trade financing is a loan issued, or a credit line set by a foreign, to a Russian importer/exporter, or to a bank, for the financing of its clients’ international trade contracts.
Since 2003, JJoint-Stock Commercial Bank «AK BARS» has been providing short-term export financing of (potential or already completed) shipments of exported goods using banker’s acceptance.
The following deals correspond to the terms of export financing:
The subject of financing is an export contract for the delivery of goods.
For pre-export financing, as a rule, traditional commercial financing is offered: financing of the exporter at the production stage of the goods to be exported.
Post-export financing is usually financing of the delay in payment of the contract, granted to the importer by the exporter. Such a deferment of payment in world practice is a key condition of most foreign trade contracts where clients deal with capital-intensive and high-tech equipment for which a long period of time is required for assembly, launching and subsequent payback.
Ak Bars Bank arranges mid to long-term financing of its clients’ investment projects with the attraction of foreign financing for the purposes of:
The subject of financing is an import contract for the delivery of equipment, machinery, instrumentation, means of transport, technological lines, mini-plants; as well as for completion of construction works and delivery of services in assembly, finishing, and setting up of equipment etc.
Due to its fruitful co-operationwith foreign financial institutions, AK BARS Bank issues loans to enterprises and companies using foreign investments.
The Bank has already been approved for financing of projects by a number of European export credit agencies and has been co-operating with the following banks:
State export credit agency
AKA Ausfuhrkredit-Gesellschaft mbH
Landesbank Berlin AG
Deutsche Bank AG
|Czech republic||EGAP||Komercni Banka AS|
|Italy||SACE||Intesa Sanpaolo SpA|
|Austria||OeKB||Raiffeisen Bank International AG|
UniCredit Bank Austria AG
|Belgium||ONDD||KBC Bank N. V.|
State export credit agency
Depending on the clients’ needs, the Bank is prepared to arrange export financing from any country which is a member of the OECD (Organisation for Economic Cooperation and Development).
The Bank offers to finance projects with non-standard parameters. Terms of financing are agreed on a case-by-case basis.
Favourable terms and conditions for repayment (by equal semi-annual installments).