Rietumu Bank

Rietumu Bank offers financing of trade operations in ports of the Baltic Sea, the Black Sea and the Azov Sea, including the financing of accumulation of commodities, financing of goods in transit, providing funds against shipping documents and other types of short-term crediting of trade transactions. "In contrast to some other countries, where banks are confined to the crediting of local businesses only, we have historically built our service as an international and cross-European one," emphasised Sergej Zaharov. This spring Rietumu Bank corrected its business model in accordance with the latest requirements of the legislation and set the Euro as the base currency of operations. Now funds for trade finance are also provided by the bank in Euro.