BPS-Sberbank International Trade Finance Volume Exceeds USD1 bn
OREANDA-NEWS. January 31, 2012. According to performance results for 2011, the volume of foreign trade finance operations executed by BPS-Sberbank exceeded USD 1 billion in equivalent, reported the press-centre of BPS-Sberbank.
In the past year the Bank issued more than 980 international letters of credit (including standby L/Cs) and guarantees by order of more than 250 Belarusian companies of various forms of ownership.
Widespread correspondent banking network, participation in international trade facilitation programs of IFC, EBRD, EABD, as well as support provided by Sberbank of Russia allows BPS-Sberbank to offer its customers the most favourable terms of foreign trade financing in any regions of the world.
These achievements are the result of consistent policy of the Bank aimed at provision of high quality support to international business of its customers and minimization of risks of Belarusian companies in foreign trade operations.
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