OTP Bank has long experience of providing finance to its corporate clients making efforts along with them to achieve success of their business. Our clients located throughout Russia operate in various economy sectors. We are aware of their specific needs and conditions and we know the way to make our finance really work to our clients' benefit.

OTP Bank offers its clients different types of finance products including commercial loans, overdraft, guarantees, and project finance.

Our credit specialists will develop finance scheme best suiting your business and assist you in the preparation of documents.

Types of finance offered by OTP Bank:

• Commercial Loan/Credit Line
• Overdraft
• Bank Guarantee
• Customs Guarantee
• Trade Finance
• Project Finance

Commercial Loan/Credit Line

• Serves individual purposes of your business such as working capital increase or fixed assets purchase;
• Tailor-made solutions;
• Long-term finance;
• Consultancy on the best debt repayment structure to minimize financial burden on your business.

Overdraft 

• Flexible in time and amount - use credit funds when they are needed;
• No delays in payments to your partners due to lack of funds;
• Prompt accomplishment of the service by the bank.

Bank Guarantee

• Covers risks of failing to pay under contracts / meet tender obligations;
• Offered against bills of exchange of OTP Bank or security deposits held in OTP Bank;
• Prompt accomplishment of the service by the bank.

The bank guarantees issued by OTP Bank are internationally accepted written commitments for security of payment or other obligations. We issue international guarantees in foreign currencies and in RUR.

Certain guarantees can be considered in case of financing the exporter.
We deal with issuing, advising and confirming of bank guarantees and handle claims.

Our services including the followings:

• Issuance and receipt of foreign currency guarantees;
• Tender guarantee;
• Advance repayment guarantee;
• Good performance guarantee;
• Payment guarantee, etc.

Customs Guarantee

• issued in favour of the customs authorities of the Russian Federation, to ensure the customers’ timely payment of the established customs duties, as well as instalments/extensions of the customs duty payments (also in case of perishable goods), according to the Tax code of the Russian Federation and the Customs code of the Russian Federation;
• in the guarantee the bank shall undertake jointly and severally with the debtor to pay the customs debt arisen to the debtor by releasing imported goods to the relevant customs regime, regardless the place where it has arisen and regardless which customs office assessed the debt. The orderer of issuance of the customs guarantee is the importer - the customs declarant.

Trade Finance

Letter of Credit

• Lower cost of finance compared to loans;
• A secure financial instrument in your international business - helps you win your partners and get better terms on transactions;
• No need to divert working capital.
• Letter of credit* is a secure risk protection and the preferable form of settlements if your business activity is related to the foreign trade. The main advantage of letter of credit as for the exporter, so for the importer is that letter of credit combines the settlement and the guarantee functions.
• letter of credit guaranties to the seller the payment for the shipped goods according to documents, which are presented to the bank and met the terms and conditions of letter of credit; 
• letter of credit guaranties to the buyer that the payment shall be made only after the obligations are completely performed by the seller; 
• letter of credit allows to take into account all particularities of foreign trade contracts entered into by exporter and importer and to most fully reflect the interests of the parties
• The knowledge and experience of the bank officers and the fact that the bank is a part of the prominent OTP Group allows to structure the deal efficiently and to minimize the expense for letter of credit. Contact our Bank before conclusion of a contract – and you will receive a thorough consultation of specialists regarding expense optimization and choice of type of letter of credit.

Documentary Collection

Documentary Collection is a process facilitating import/export operations, in which the seller’s instructs his bank to forward documents related to the export of goods to the buyer’s bank with a request to present these documents to the buyer against payment or acceptance of a Bill of Exchange.

Documentary Collections do not provide the same level of security as Letters of Credit, but, as a result, the costs are lower. Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any payment covenants (does not guarantee payment). The bank that has received a documentary collection may debit the buyer’s account and make payment only if authorized by the buyer.

* Letters of credit subject to Uniform Customs and Practice for Documentary Credits, 2007 revision, ICC publication No 600.

Project Finance 

• An efficient way to raise funds for complex large-scale projects;
• Long-term finance.