Ukraine is an active participant of the international trade

Rodion Nikonenko, Director of the Trade Finance Center of JSCIB “UkrSibbank”:

Trade finance products, both documentary operations (letters of credit and bank guaranties) and lending, undoubtedly, are relevant as of today.

Ukraine is an active participant in the international trade with considerable volume of both import and export operations, consequently, high quality service and adequate finance of these activities are of great need. The problem is that a number of Ukrainian companies don’t have sufficient experience of cooperation with local banks in this direction and, sometimes, do not fully understand all the possibilities and advantages of the trade finance.

In order to remediate the situation we maintain an active educational program, organize seminars for our existing and potential clients providing consulting services.