OREANDA-NEWS. March 27, 2008. Bank Electronika offers principally new banking products and realizes banking service programs and crediting for Belarusian distribution networks within the territory of the Russian Federation. Since the beginning of 2008, the institution has completed approximately \\$1,000,000 in credit transactions in the form of letters of credit with post-financing in Belarusian rubles.

In 2008 Bank Electronika became the trailblazer for an entirely new and unique banking product – letters of credits with post financing in Belarusian rubles. This banking product is an important strategic instrument for attracting new clients and has proven to be much in demand among existing clients.

Letters of credit with post financing foster development of economic relations between the Republic of Belarus and the Russian Federation. Belinvestbank and Belgazprombank. are Bank Electronika’s primary partners in this program in Belarus.

Mikhail Olshansky, Executive Vice-President of Bank Electronika, noted that the product, along with the institution’s existing credit programs, has enabled the Bank to attract new clients. It has also contributed to the increase in trade between the two countries.