In February 2017 as a part of the program of support for trade finance transactions (TFSP) the International Investment Bank (IIB) provided a short-term targeted trade related loan to LOCKO-Bank to finance the purchases of building and finish materials made in Poland to be imported to Russia. The deal amounted to 3 000 000 US dollars.
Deal with LOCKO-Bank became the first Russian-Polish trade finance project for the International Investment Bank (IIB), which has expanded the geography of banking operations in this area and significantly increased new product portfolio – short-term targeted trade related loans.
Deputy Chairman of the Executive Board of the International Investment Bank (IIB) Denis Ivanov: "The Trade Finance Support Programme aims to promote trade and economic cooperation of the Bank’s member countries with a focus on supporting SME export development. In 2016 the Bank’s Council approved targeted trade related loans as a new product and since then has been in demand among our clients and strategic partners, such as LOCKO-Bank".