Gazprombank handles all transactions involving guarantees, letters of credit (LCs) and collections, including sophisticated and complex structured transactions, in particular by using LCs and collections as trade finance instruments, and offers the products and services detailed below:
In relation to bank guarantees, Gazprombank:
In relation to documentary letters of credit (including standbys), Gazprombank:
Gazprombank also offers a full range of services related to documentary collections.
We invite banks to partner with us.
Gazprombank extends loans to credit institutions on the interbank financial market within preset limits.
Attracting temporarily free funds in rubles and foreign currency
Gazprombank attracts temporarily free funds of credit institutions on the interbank lending market in rubles and foreign currency.
TERM: 1 day+
CURRENCIES: RUB, USD, EUR
EXECUTION OF DEALS*:
Bank GPB (JSC) offers a wide range of Trade Finance products to financial institutions:
Issuance of Gazprombank’s guarantees against correspondent banks’ counter-guarantees;
Confirmation of Letters of Credit (LCs), including StandBy Letters of Credit (SBLCs), issued by correspondent banks;*
Post-financing of LCs issued by correspondent banks. Financing is provided to banks issuing the LCs under the documentary credit limits established by Bank GPB (JSC) for correspondent banks. LCs can be opened in favor of Russian exporters as well as in favor of suppliers from third countries;*
Issuance of Irrevocable Reimbursement Undertakings (IRUs) under LCs issued by correspondent banks;
Medium- and long-term “tied” loans to the buyer’s bank*.
* If a transaction involves Russian exports, the above-mentioned Trade Finance products may be structured with direct risk on the correspondent bank as well as оther official export support structures. Such instruments of government export support often make it possible for Gazprombank to offer more competitive pricing terms and longer financing tenors, in particular for exports of Russian goods and services to emerging markets.