LOCKO-Bank and International Investment Bank (IIB) are expanding the geography of trade finance transactions by financing import from Poland to Russia.

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".