Letter of Credit

Letter of credit used in international trade and involving payment guarantee from a bank is a frequently preferred method of payment, as it gets both the importer and the exporter under guarantee, and means a bank’s warranty given in writing to the seller (exporter) up to a certain amount at the request and instruction of the buyer (importer) that the bank will make the payment to the seller provided that prescribed conditions are met within a certain term.

Our bank’s wide network of correspondents and our experience and goodwill in international banking are at service of our clients in this area.

Aval - Acceptance

Our importer-client is provided with the opportunity to purchase goods against a deferred payment when our client accepts and our Bank guarantees that the bill of exchange issued by the exporter will be paid by the importer at maturity.