OREANDA-NEWS. June 15, 2009. In view of the fact that numerous trade enterprises are currently in need of working capital, Rietumu Bank has enlarged the array of trade finance instruments that include new forms of short-term lending, guarantees and overdrafts the Bank offers to customers at present, reported the press-centre of Rietumu Bank.

Rietumu Bank’s customers are offered to finance their export, import and other trade financing deals. Warehoused goods or goods in transit, as well as balances due from customers/partners backed by bank guarantees or letters of credits, can serve as collateral for such deals. Minimum loan amount is EUR 200 thousand, maximum – EUR 2 million, term – up to 12 months (with an option to renew).

In addition, Rietumu Bank’s customers, who have stable turnover, can also avail of unsecured overdraft facility – amounting up to 20% of average net monthly turnover and ranging from EUR 50 thousand to EUR 1 million, termed from 3 to 6 months (with an option to renew).

Rietumu Bank also offers a number of trade financing products and services, which guarantee trustworthiness and convenience of international trade settlements, including several types of guarantees, letters of credit, and documentary collections.

More detailed information on trade financing is published on our website, in “Products & Services/Trade Finance” section.