In simple words, the letter of credit is a letter issued by a bank telling the beneficiary that if he presents documents described in the credit to the bank, within a certain time, then the bank will make monies available to him. It is this basic simplicity that enables letters of credit to be used to finance a multiplicity of transactions - from sales to implementation of guarantees.

The specialists in our Bank will advise you in how to open a letter of credit, how to handle documents and how to reduce risks.