Bank Koltso Urala keeps improving its business customer services in the field of foreign trade. The bank’s subsidiaries in Kemerovo, Orenburg, Shadrinsk, and Uchaly now provide their customers with a bank guarantee to ensure the payment of customs duties and taxes.

The bank’s business customers department’s employees report bank guarantees became possible due to the fact that the bank is now in the Register of organizations that are allowed to act as guarantors to the customs authorities.

This service only used to be available at the bank’s head office; now that the subsidiaries can offer their customers bank guarantees as well means these customers can promptly pay their import and export duties, VATs, excise duties, and so on. The bank’s guarantee stretches to 35m RUR for a maximum period of thirty-six months.