OREANDA-NEWS. November 18, 2011. The aim of Novikombank’s International Business Development Programme is to support its corporate client business using international trade finance tools. Under the programme in 2011 Novikombank arranged financing for more than 50 contracts.

In cooperation with Commerzbank AG (Germany), Deutsche Bank (Germany), VTB Shanghai, Ubi banca (Italy), Oberbank AG (Austria), the Banque de Commerce et de Placements (Switzerland), and many others, Novikombank financed the supply of petroleum products, cars, raw materials, plastics, woodworking equipment, etc. The geography of supplies is rather different - Germany, Italy, Britain, Israel, Holland, etc. The Bank started its cooperation with SACE and renewed its relations with HERMES and OeKB.

Novikombank continues to develop its relations with suppliers of imported goods and equipment. Novikombank is a financial partner for more than 15 major Russian dealers of woodworking equipment and machinery, chemical, food equipment and agricultural machinery. Novikombank also actively supports the major suppliers of wholesale and retail chains, such as: Castorama, IKEA, OBI, LEROY MERLIN, etc.

In 2011 Novikombank expanded its client base by increased volume of trade finance operations. As of 01.10.2011 the trade finance portfolio of the Bank totaled more than USD 60 million.

More than 20% of current trade finance portfolio are deals realized within limits opened in favour of partner banks from Russia and the CIS countries. Among Novikombank’s main partners are the leading banks of Belarus, Tajikistan and Ukraine. The Bank supports increase in trade turnover between countries, business activity of Russian exporters and importers from the CIS countries, and creation of a single economic space.

The key advantage of the International Business Development Programme in Novikombank is client-orientated and flexible approach. Novikombank’s specialists provide consultations to clients on different questions in respect of foreign economic activity, international settlements, optimize settlement terms under foreign trade contracts, minimize costs and risks for a client and assist in issuing contract’s draft.