Novikombank implements its comprehensive International business development program. The program includes three interrelated areas:
- Bank’s positioning on international financial markets (cooperation with international financial institutions);
- Program for financing of foreign trade activity of the bank’s clients via instruments of documentary business and international target financing;
- External fund raising program.
The key advantages of the International business development program are:
- Attractive rates and flexible fees to meet the interests of all parties involved in a deal;
- Individual approach to setting terms of cooperation and provided services;
- High professional level of the specialists responsible for international business development;
- Wide experience in cooperation with leaders of the national economy;
- Information and consulting support on foreign trade activities;
- Seminars and workshops for the Bank’s clients and partners.
Cooperation and strengthening of business relations with international financial institutions is one of priorities of Novikombank’s activity. Among the partners of Novikombank are: Commerzbank AG (Germany), Deutsche Bank AG (Germany), JPMorgan Chase Bank (USA), Deutsche Bank Trust Company Americas (USA), Helaba Bank (Germany), Credit Suisse AG (Switzerland), BHF Bank (Germany), Raiffeisen bank International (Austria), Barclays Bank (UK), VTB Bank (Deutschland) AG, BNP Paribas (France), Commonwealth Bank of Australia (Australia), Canadian Imperial Bank of Commerce (Canada), Oberbank AG (Austria), Bayern LB (Germany), Bank of China (China), Industrial and Commercial Bank of China (China), Agricultural Bank of China (China), Mizuho Corporate Bank LTD (Japan), Danske Bank (Denmark), DNB Bank ASA (Norway), Unicredit Group (Italy), UBI (Italy), BCP (Switzerland), Intesa Sanpaolo (Italy), State Bank of India (India),etc.
Due to the wide network of correspondent banks, and long-term experience, Novikombank has great potential for organization of foreign trade financing. The volume of lines opened in favour of the Bank by first-class foreign banks, international financial institutions and export credit agencies exceeds more than USD 350 mln.
As a key bank for the CIS and Customs Union, Novikombank also provides its trade finance services to banks in Russia and the CIS countries. Development of cooperation with financial institutions with CIS countries is one of the priorities in Novikombank’s policy that aims at strengthening of business relationships with partners and customers in CIS, targeting development of multilateral foreign economic relations. Nearly 60% of all international transactions are concluded within the risk limits established in favor of banks from Belarus, Kazakhstan, Tajikistan, Azerbaijan, Uzbekistan and others. In particular, the Bank finances oil and petroleum product exports to major oil companies in Belarus, food supplies to Tajikistan, high-technology equipment and scrap metal exports from Russia to Belarus, engines and textiles to Uzbekistan, and other projects. In the first half of the year, through its documentary business instruments, Novikombank provided contract financing for clients of partner banks in the CIS countries in the total amount of more than USD 290 million.
The Bank maintains active cooperation with the Russian Agency for Export Credit and Investment Insurance (EXIAR) and takes a leading position in terms of quantity of transactions implemented under EXIAR coverage. Portfolio of loans granted to CIS banks for Russian products in the total amount more than USD 30 million as of July 1, 2014. EXIAR provides insurance coverage for business or political risks.
Successful steps were taken to organize long term financing of import contracts of the clients with coverage of foreign export credit agencies such as Hermes (Germany), SACE (Italy), OeKB (Austria), EGAP (Czech Republic), etc. Tenors of the financing attracted under the coverage of export agencies are 5-7 years.
External fund raising program of Novikombank is realized in two directions:
- Participation in syndicated loan facilities granted to Russian and CIS banks as Mandated Lead Arranger, Facility Agent, Bookrunner;
- Attraction of funds from capital markets (on Borrower’s side).
Under the first direction Novikombank occupies a leading position in the market of syndicated loans to financial institutions of the CIS countries.
According to the results of 2014, our Bank holds leading positions in syndicated lending and is an acknowledged leader both in terms of number and volume of loans arranged for financial institutions of the Commonwealth, entering TOP-5 of the Cbonds international rating of arrangers of syndicated loan facilities in the CIS market.
Since the Bank for Banks program was launched in 2010, Novikombank has arranged 26 syndicated loan facilities for the largest banks in the CIS for the total amount of more than USD 1.5 bln. In 2014, the bank arranged nine new syndicated loan facilities for the largest financial institutions in the CIS totalling more than USD 530 mln under both English and Russian law. Novikombank acted as Agent in six of those transactions.
- Presentation of Novikombank, 1.54 Mb
Head of International Business and Debt Financing Division
Tel.: +7 (495) 974-71-87, ext. 602
Fax: +7 (499) 238-08-89