PSC Prominvestbank Arranges 5 Years Financing for Its Client
OREANDA-NEWS. PSC Prominvestbank arranged 5 years financing for its client for purchase of equipment from Swiss producer. This is not the first deal arranged for the client, the total amount of financing of the project made 6.5 million Swiss francs.
Ukrainian machine-building enterprises have a large demand for purchase of high-tech capital equipment for promotion of their goods at international market.
Good standing of PSC Prominvestbank enabled it to arrange financing of equipment purchase by the client from its foreign partner with a deferred payment up to 5 years under the payment guarantee of PSC Prominvestbank issued in favor of the seller’s foreign bank. The financing was arranged with the use of the export financing scheme with insurance coverage of SERV insurance agency of Switzerland.
PSC Prominvestbank continues to increase volumes of trade financing of its clients’ trade related agreements with the use of letter of credits and guarantees. The use of these instruments by clients enables them to save operating assets and to increase terms of financing of high-tech equipment purchase. As of August 01, 2013 the total volume of trade financing operations of PSC Prominvestbank made USD 734 million, the bank holds leading positions on Ukrainian market.
For arranging financing the Bank uses credit lines opened with the largest West-European, American and Russian banks, individual projects are being developed and implemented.