OREANDA-NEWS. March 15, 2012. By the end of 2011 international trade finance transactions of GLOBEXBANK have risen by 53 % up to 320 MIO US dollar year-on-year (01.01.2010 – 149.2 MIO US dollar). During 2011 Commercial Bank GLOBEX was actively developing international business with a view to foreign fund raising aiming at Corporate Clients financing and increasing commission earnings.

GLOBEXBANK continues to effectively cooperate with such leading foreign financial institutions as Commerzbank AG, Deutsche Bank AG, Credit Suisse AG, UBS AG, Raiffeisen Bank International AG, HSBC, Barclays Bank, Banque de Commerce et de Placements-BCP and others. The volume of credit risks limits for trade finance transactions set by foreign banks accounted to more than 500 MIO US dollar at the beginning of 2012.

Among partners of the Bank “GLOBEX” there are leading foreign export-import oriented banks and export-credit agencies from the USA, Canada, Germany, Austria, Chez Republic, Italy, China. Total amount of set limits for trade finance transaction has exceeded 350 MIO US dollar.

GLOBEXBANK offers its Clients:

- International trade credit – foreign contracts financing through documentary letters of credit (import-oriented (including letters of credit with options of deferred and postfinancing payments) and export-oriented letters of credit, guarantees and counter-guarantees, stand-by letters of credit).

- International project credit – investment projects medium and long term financing under insurance coverage of Export-Import oriented banks from Exporter country.