Today Promsvyazbank has over 100 largest world banks as its partners on trade financing.

It’s worthy to note, that the tenure for funding has been significantly elongated; some eastern banks and financial institutions assume risks related to trade finance on Promsvyazbank for the period up to 5 years.

The bank is actively cooperating with foreign manufacturers and suppliers of hi-tech equipment, raw and auxiliary materials, consumer commodities and developers of different buildings.

At present many well-known foreign companies are among the partners of the bank.

In this context some foreign companies (e.g. Cisco, Acer, Canon, etc.) assume risks of the Bank to perform trade finance transactions enabling exporters to reduce their costs.

Promsvyazbank is a partner-bank of Cisco Systems International in Russia.

Under this program aimed at sales development in Russia and attraction of new customers to Cisco Systems International the bank provides trade financing for purchase of equipment by Cisco on favorable terms.

According to the Agreement entered into in 2006 the European Bank for Reconstruction and Development (EBRD) doubled (up to USD80 mln.) the Promsvyazbank’s limit under the Trade Facilitation Program.

Description of the Product:

Financing of short- and middle- term projects (up to 3 years) related to import of goods or works/services on better terms out of the funds of foreign banks.

Consumers of the product: legal entities with any form of ownership – importers of any Goods (equipment, raw materials, consumer commodities etc.) and/or works / services.

Advantages of the Product:

• Reasonable cost of funding.
• Preservation of acting discounts of suppliers.
• Commercial risk insurance.
• Trade financing does not depend on the country of delivery
• Flexible approach. Structuring of complicated transactions.
• Possible financing of up to 100% of the contract value.

Procedure for obtaining the service:

• Current business analysis of a company, its financial status, evaluation of a pledge.
• Approval of payment mechanism with a supplier, preparation of payment conditions under the agreement.
• Arrangement of project financing on the most efficient method (including leasing) out of the funds of foreign banks.