Foreign trade finance
Short-term credit facilities raised from foreign banks enable JSC Belagroprombank to provide the following methods of financing of foreign trade contracts:
Trade financing offered by JSC Belagroprombank allows to raise financing from foreign banks for the implementation of any projects for any amount and regardless of the country of the exporter.
Basic requirements for this method of finance:
- payment by a letter of credit (uncovered letter of credit);
- financing is provided for the period of up to 360 days with a possibility of prolongation up to 3 years;
- the interest rate is not higher than average interest rates on loans in foreign currency granted by other Belarusian banks.
Discounting of a deferred payment is the most popular method for financing of trade transactions.
Basic requirements for this method of finance:
- payment by a letter of credit (uncovered letter of credit);
- deferral cost is included into the cost of goods (discount);
- financing is provided for the period of up to 360 days;
- the interest rate is not higher than average interest rates on loans in foreign currency granted by other Belarusian banks.
