Sberbank offers financial instruments to support Russian exports

The current year is difficult for the Russian economy. Following the increase in the rates of the Central Bank, rates on loans are growing. Under these conditions, for business as a whole and for exporters in particular, issues of reducing costs and risks are becoming especially relevant, therefore, for the successful implementation of foreign trade projects, many companies choose more protected and affordable financial instruments.

Trade financing products can help in solving the tasks. Sberbank as a recognized leader (1) in the field of trade financing in the Russian Federation and the CIS countries offers a wide range of products to support Russian exports.

In this direction, Sberbank actively cooperates with the Russian Agency for Export and Investment Insurance - Exar (2) , which was created in 2011 for insurance protection of non -resource export of Russian goods, works and services, as well as investment of Russian companies abroad. Since the creation of the exar, Sberbank has formed the largest portfolio of transactions in the Russian market, insured at the agency, with a volume of more than 15 billion rubles. The largest transaction of the bank loan insurance was also concluded with Sberbank.

The agency’s products are by no means oriented not only on large suppliers. In October 2014, Sberbank and Exasar signed an agreement on launching a joint program for lending to export-oriented small and medium-sized enterprises. Today, the agency offers a line of insurance products to banks and exporters, both large and small and medium, for a wide variety of schemes for financing projects with an extensive nomenclature of export (from spacecraft to textile products), covering risks not only with lending, but also when confirming letters of credit.

The letter of credit has long established itself around the world as one of the most convenient and safe types of calculations between counterparties. When granting the applications corresponding to the accreditive conditions, the exporter is guaranteed by the bank that issued the letter of credit. In combination with the Excitement of Exasar, a traditional letter of credit can provide the exporter with additional opportunities for access to new sales markets and attract customers from "complex" regions.

Within the framework of the product , “Funding for the Coverage of Exasar”, Sberbank provides complex services for customer exporters and their foreign counterparties, while financing projects is carried out at attractive terms and cost of conditions.

Last year, Sberbank launched a new product to support Russian exports - financing the supply of raw materials , or, translated, Commodity Trade Finance (CTF) . Within the framework of the CTF, the client gets the opportunity to attract financing on the security of the exported goods with subsequent repayment of the loan due to incoming revenue. CTF opens up access to credit resources even before paying the goods by the buyer to customers (exporters or traders), which allows them to fulfill their obligations without significant distraction of their own funds. Sberbank develops this new direction on the basis of a subsidiary in Switzerland. Due to the widest geographical coating (the presence in the 22 countries of the world and the extensive network of branches within Russia), Sberbank can finance the entire trading transaction from the purchase of raw materials and components to the sale of finished products and receipt of payment from the final buyer.

“Now, as part of the Sberbank group (3), we can independently serve the entire chain of cross -border trading transactions, for example, export from Russia to Turkey, carried out by the Swiss trader. At the same time, the manufacturer of goods in Russia will finances the Russian Sberbank, the trader and transit of the goods - a subsidiary in Switzerland, and the final buyer is our subsidiary in Turkey,” said the director of the Department of Torny Sberbank Andrei Ivanov’s financing and correspondent relations - such a scheme minimizes the risks of calculations, and also reduces the time of decision -making and transactions between counterparties. ”

The obvious strength of Sberbank in CTF is the excellent knowledge of Russian exporters in the domestic market. This allows Sberbank to most adequately evaluate the risks, which means to offer the most flexible conditions to their customers.

Sberbank provides foreign trade financing for a specific export contract. This tool allows the client to finance the supply or production of export products without distracting his own resources from the turnover. Within the framework of this product, the cost of borrowed funds for the client, as a rule, is lower than when receiving the usual bank loan. The fact is that Sberbank attracts monetary resources in the international market to finance foreign trade projects - mainly in countries with developed economies, where they are traditionally cheaper than in Russia.

Sberbank uses all the possibilities for the successful implementation and financing of foreign trade transactions of its customers. Focusing on changes in the foreign economic situation, the bank strengthens cooperation with the financial institutions of China, the countries of the Middle East, South Korea and Singapore. "At present, we are noting an increase in the interest of companies in national currencies, in particular, in Chinese yuan, Singapore dollars and, of course, rubles," Andrei Ivanov emphasizes. "Sberbank trading financing tools allow customers to carry out calculations and receive financing in convenient currencies."

1 Following the results of work in 2013, Sberbank was recognized as the Best Bank in the field of trade financing in Russia and the CIS countries "Three leading world magazines in the field of trade financing: Global Trade Review ( GTR ), Global Finance ( GF ) and Trade & Forfaiting Review ( TFR ). In 2013, Sberbank implemented a record volume of transactions of trade financing and documentary business in the entire history of the bank worth about 1.3 trillion rubles (equivalent of $ 43 billion).
2 OJSC Russian Agency for Export Loans and Investments (OGRN 1117746811566), Location address: 119034, Moscow, 1st Protievsky per., 3, p. 1, tel. + 7 (495) 783-11-88, Internet site www.exiar.ru.
3 Sberbank group 3 can be obtained on the website www.sberbank.ru in the section "On Bank"/"International Business".

Detailed information about the products for exporters and other trading financing tools of Sberbank, as well as the contacts of service units are posted in the “Trade Financing” section of the official website of the bank www.sberbank.ru . Also, for additional information, you can contact your personal manager, to the bank branches serving legal entities and individual entrepreneurs, or by phone 8 (800) 555 55 50.
Sberbank of Russia OJSC. General License to the Bank of Russia No. 1481 dated 08.08.2012.