OTP Bank (Russia) offers wide range of trade finance and documentary services.
Competitive pricing, individual approach and our expertise – are main advantages that help our customers to save time and money. Moreover, our well-built and trust-based relations with first-class western banks provide additional reliability of transactions.
Being a member of international banking group, OTP Bank (Russia) has many trade finance instruments at its disposal and offers following services:
- documentary credits:
- issuance and advising;
- letters of credit with deferred payment and discounting
- issue of irrevocable reimbursement undertakings (IRU)
- stand-by letters of credit
- guarantees and counter-guarantees
Another advantage of OTP Bank (Russia) is participation in Trade Facilitation Program of European Bank for Reconstruction and Development as a confirming bank. The Program allows us to confirm/finance letters of credit issued by other members of the Program against guarantee of EBRD without credit limit for issuing banks in place.