Latvijas pasta banka

Trade finance operations

LPB offers its Clients a wide range of services, which allows ensuring successful development of business both locally and globally.

An integral part of trading company’s working specifics is establishment and maintenance of business contacts with several partners. 

LPB offers the following services for such companies:

  • Bank guarantees, which decrease various risks, related to non-fulfillment of obligations by business partners, including guarantee of quality of performed works and payments.
  • Import letter of credit - financing of import transactions financed by the Bank, in case the goods are delivered to the buyer (Customer of the Bank).
  • Export letter of credit, within the framework of which the bank of the buyer pays the seller (Customer of the Bank) a certain amount, upon receipt of confirmation that the goods have been sent to the buyer.
  • Documentary collection, in this case the bank of the seller sends the bank of the buyer a list of exported goods with the aim to present them to the buyer for payment.

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