NORVIK BANKA offers corporate clients involved in international trade transactions the opportunity to use trade finance instruments Letters of Credit and Bank Guarantees.
One of our special offers is a Credit Line facility aiming to finance export and import transactions. It is focused on companies that:
are successfully running an international trading business
transit goods via European ports and warehouses in the EU
have good financial performance, positive forecasts for future development and can submit financial reports certifying the company’s solvency
Terms of Finance
The bank provides financing after having assessed the financial performance of the potential borrower and his business plan.
Interest payments are made on a monthly basis
The credit limit is calculated on the basis of the cash flow forecast and financial reports, and is limited up to 70% of the collateral value
Maturity - up to one year
Currency - USA dollars, Euros
Collateral
Bank accepts such assets of the company as real estate, inventory, cash deposits, etc. The collateral amount is set up individually depending on the credit risk rate, the company’s sales turnover and the liquidity of pledged assets.
How to apply
The following documents are required:
Filled-in Application form
Corporate documents:
Registration Certificate
Company’s Charter
Good Standing Certificate
Share holders’ passports in copies
Financial Documents
Financial reports:
Latest Annual Report or Balance Sheet and Profit and Loss Account with notes
Interim report (Interim Balance Sheet) and PLA with notes for the latest reporting period
Purchase and Sales Contracts (in copies) with the suppliers and buyers
Other documents, if required
Contact information
Should you be interested in our Trade Finance Facility you are welcome to contact our Trade Finance Department:
