OREANDA-NEWS. June 08, 2010. Considering indications of growth of international trade and increased demand for financing of export-import operations among our customers, Rietumu offers an expanded range of trade finance services, reported the press-centre of Rietumu.

The bank grants short-term loans and unsecured overdrafts to customers for trade finance deals. This includes export-import and cargo transit through Latvian ports, which are widely used for exporting/importing goods from/into Baltic countries and as a transit point between Western Europe, Russia and other CIS countries as well as Asia (including China) at present.

We offer short-term loans (from EUR 200 thousand to EUR 2 million termed from 6 to 12 months), unsecured overdrafts (10-30% of average net monthly turnover, ranging from EUR 50 thousand to EUR 1 million, termed from 3 to 6 months). For customers, who have stable turnovers, there is an option to renew loans and overdrafts.

Rietumu also offers a comprehensive range of trade finance services that ensure secure and reliable international trade transactions: all forms of guarantees, letters of credit, documentary collections. The bank’s customers can avail of fiduciary loans.

Please address all queries to your personal bankers or to Rietumu Bank’s Trade Finance Division by phone + 371 67025263 (Nataly Perhova) or + 371 67025253 (Anastasia Radionova, overdraft enquiries). You are also welcome in our HQ Rietumu Capital Centre in Riga.