OREANDA-NEWS. February 02, 2009. In August, 2008 B.I.N.BANK drew a syndicated loan in the amount of USD 27 mln. that added the total amount of international financing to USD 206 mln., reported the press-centre of B.I.N.BANK.

The volume of short- and long-term trade finance operations exceeded USD 140 mln. and the total portfolio of international transactions made above USD 346 mln.

Usually, financing of the customers’ deals was made in form of L/Cs (including stand-by) and guarantees. It should be mentioned that the considerable part of obligations issued by the Bank is represented by direct obligations which do not require confirmation by foreign counterparts. This fact is the evidence of confidence of the foreign suppliers towards B.I.N.BANK and its recognition as reliable financial partner.

Throughout the year 2008, geography of the Bank’s transactions was also expanded. Except for traditional transactions with exporters from Europe and USA, share of deliveries from China and Korea has significantly increased that reflects one of the strategic priorities of the Bank in development of relationships with Asian financial institutions.

In the meantime, the Bank kept on expanding its correspondent network. The Bank opened a CHF correspondent account with UBS AG (Switzerland) and obtained an agreement for effecting settlements in EUR under VISA plastic cards transactions. Another correspondent account in GBP was opened with Standard Chartered Bank (UK).