International settlements

Evrofinance Mosnarbank has taken an active part in commercial and financial ties between Russia and the West since its early days. The Bank has retained much its focus on foreign trade activity of Russian companies to the present day.

Currently Evrofinance Mosnarbank offers its clients, both Russian residents and non-residents, a full range of services for international settlements needed for export and import deals and other types of external economic activity. The Bank carries out payments in hard currency, soft currency and in settlement currencies used for clearing accounts. Evrofinance Mosnarbank uses all types of settlement generally accepted in global banking, such as documentary letter of credit, collection and bank transfer. The Bank assists its clients in developing and implementing various schemes of settlement involving the use of various instruments to finance foreign trade deals.

Evrofinance Mosnarbank issues guarantees and counter guarantees on a wide range of export and import deals and also on deals of its clients on the domestic market. The bank is authorized by the State Customs Committee of Russia to provide guarantees to Russian customs bodies.

Evrofinance Mosnarbank is able to reduce time and costs of international settlements as it has a wide network of correspondent banks in Russia and abroad.

Being a member of the Banking commission of Russia's National Committee of the International Chamber of Commerce and of the Association of Russian Banks, Evrofinance Mosnarbank is able to trace the global trends in documentary business development and to be aware of the latest changes in settlement legislation.

Evrofinance Mosnarbank holds a top position on the Russian banking market, has a team of qualified experts in international settlements and has earned a solid reputation throughout its years on the international market. These factors help Evrofinance Mosnarbank remain among the few Russian banks whose letters of credit and guarantees are accepted by foreign institutions.

Evrofinance Mosnarbank provides its clients with comprehensive consulting services on the issues of international payments.