LOCKO-Bank Issues Electronic Banking Guarantees throughout Russia

LOCKO-Bank launched guarantees sales under the public procurement throughout Russia. Due to electronic document management system SME business representatives have the opportunity to obtain a guarantee during 4 hours, including the regions outside the bank's presence, providing a minimum package of documents. Scoring technology allows in record time to weight the client, provides service speed.

LOCKO-Bank offers a bank guarantee using electronic digital signature remotely. Documents that are provided by this technology are accepted on a par with paper documents that are certified by a real signature.

The key objectives of the electronic document management system introduction are:

• boundaries expansion of guarantee providing outside the regions where the bank operates;
• providing convenient and transparent service for customers for the submission and / or the receipt of the transaction documents, both during the initial application to the bank for consideration, and in the course of the transaction and its support;
• timing acceleration to make a decision on the transaction on the basis of electronic documents;
• interaction with the client using remote access without visiting a bank

LOCKO-Bank offers competitive rates starting at only 2%, which allows taking a leading position in terms of issued bank guarantees volume in all regions of the Russian Federation. The Bank will continue to develop additional services in this business segment in 2015.