Trade finance

Novikombank renders services in granting documentary letters of credit and cash collection, including export and import letters of credit opening, advice, execution and acknowledgement of letters of credit, document verification, etc.

Advantages of trade finance:

• credit lines opened by leading foreign banks for Novikombank for trade finance purposes with the possibility of post-financing;
• ability to open letters of credit against security of goods (or other liquid assets) without initial reservation of funds, which is much more beneficial than a standard loan;
• use of modern technologies and standard international banking practice in payments;
• Novikombank is a member of the SWIFT system and has agreements on the exchange of keys and signatures with the largest foreign banks;
• Promptness and high quality of operations.