BAKU, Azerbaijan, Feb. 12
Trend:
Bank "IBA-MOSCOW" has significantly expanded its line of business loans, and its customers can choose a product depending on the current task, Managing Director of Business Development Department of IBA-MOSCOW Bank Svetlana Lunkova said in an interview with Trend.
According to her, such products of the bank as "Investment loan" (to expand production) and "Revolving loan" (to increase the turnover of the client's business) are in demand today.
"For those who decide to purchase commercial real estate, we offer a convenient and profitable "Commercial Mortgage", and for entrepreneurs who need a car park for doing business - "Commercial Car Credit". For companies participating in foreign economic activity, as well as for those who only plan to enter the foreign market, we propose a Finite Element Analysis (FEA) package that includes a full range of support services, including assistance in the foreign trade contracts preparation, individual consultations, training of company employees, verification of counterparties, etc.," Lunkova said.
Furthermore, the FEA package allows companies to reduce the cost of currency control, money transfers abroad and get a number of other benefits through comprehensive support.
The chairman of the department noted that for individuals, the bank launched a new money transfer service between Russia and Azerbaijan, Granat, which allows quick and profitable transfer of funds in Russian rubles, Azerbaijani manats, dollars, and euros.
“In addition, we are aimed at maximizing the use of digital technologies in our interaction with clients. Our ongoing dialogue with the international business environment showed that the possibility of prompt, literally in one or two “clicks”, and solving the problem are among the most demanded services. We assessed the situation and came to the conclusion that despite global informatization, companies simply do not have enough time to look for potential partners and new distribution channels," she stated.
Currently, the need for its diversification has increased many times in an environment where business needs additional stability. Azeri-Russian Desk (ARD) platform is necessary for participants in foreign economic activity, precisely companies planning to expand business with foreign partners or decide to enter a foreign market. In a convenient business marketplace format, there are some offers from Russian and Azerbaijani industrial companies: food industry, metallurgy gia, non-food products, logistics, chemical and automotive industries and a number of others.
"The search process is automated, and the company only needs to fill out a simple form on the website (https://ard.moscow/). The process is controlled by a personal manager who can advise the client at any stage. It is important for us to maintain individual interaction with the client during the total digitalization of services, to encourage his trust in the bank," said Lunkova.
She emphasized that the task of ARD, as well as other products of the bank, is to give the client maximum simplicity and convenience during work.
According to her, in this regard, there is formed an expanded package of services available to any ARD user: transfers of funds between Russia and Azerbaijan with a commission of 0 rubles, currency control services on preferential terms, conversion operations at favorable rates, assessment of the company's export potential, due diligence of foreign counterparties, etc. ARD has additional services from our partners, including insurance and legal services, as well as intellectual property protection, logistics and customs services, consulting and audit, and a number of other utilities necessary in foreign economic activity.
She also noted that Bank "IBA-MOSCOW" adapts its loan products to market demands.
"In particular, the demand for financing the supply of various products has recently increased, as a rule, these are unsecured loans. The growth in the financing of product supply contracts is associated with the growth of trade transactions and their features, for example, if a manufacturer supplies its goods to a distribution network, then a payment deferment is possible, and we are ready to lend to such contracts," the head of the department added.