SKB-Bank went through with its first transaction proposed within the framework of the European Bank for Reconstruction and Development’s international trade development program

‘The program is targeted at promoting our foreign trade in Central and Eastern Europe as well as in the CIS. The EBRD provides foreign banks with guarantees on behalf of the banks located in Central and Eastern Europe and the CIS. SKB-Bank is now one of the businesses to be offered these guarantees,’ the bank’s press officer said to an UrBC reporter.

‘It is with the help of SKB-Bank and the EBRD’s support that a new Finnish fire hoist worth a few hundred thousand euros will be delivered to Yekaterinburg at the end of April. The device is yet unique to this city; the Finnish Nordea Bank Finland PLC is going to act as our Western counterpart in the course of the transaction,’ the press officer explained.

‘The whole thing was made possible due to SKB-Bank and the EBRD’s cooperation in terms of international trade promotion. Our customers now have more opportunities for trade financing throughout the whole world; what is more, the loans will now be cheaper and terms more attractive for them since Europe’s leading banks are willing to apply their guarantees and letters of credit with the EBRD’s help.’