Locko-Bank took part in "State order" All-Russian forum and expo

LOCKO-Bank participated in the XII All-Russian forum and expo "State Order - for fair procurement", which was held in Moscow on 23-25 March 2016.

Forum and expo "State Order - for fair procurement " is the only Russian exhibition and discussion forum of federal significance in the field of central and local government procurement, which is carried out as for the benefit of customers and suppliers, contractors and performers. Forum serves as a platform for the exchange of best practices regarding procurement under federal law 44-FZ and 223-FZ.

LOCKO-Bank takes part in the event for the second time in a row. This year, the bank's representatives has acquainted forum participants with new services of LOCKO-Bank in the field of public procurement system and electronic trading, having presented an online office for management of bank guarantees’ applications for SMEs. This service provides users an opportunity to send their requests to the bank from anywhere, to obtain the guarantees in the shortest possible time, to track application status and view the history of all transactions, as well as upload documents online. In addition, for added convenience, users can use previously created application as templates for the creation a new one, and also receive the notices of all actions with the applications.

LOCKO-Bank is a leader among the main competitors in terms of bank guarantees issuance in SME segment and is in TOP-5 banks on number of the issued guarantees, due to competitive prices, as well as high technological effectiveness of business processes. Intensive development of in-house technological platform of LOCKO-Bank significantly improved processing speed and decision-making time on application for bank guarantees, allowing to process from 500 to 1 thousand SME applications per day.

In 2015 LOCKO-Bank has issued over 6,000 guarantees for small and medium-sized enterprises for the total amount more than RUB 7.8 billion, that exceeds similar indicators of 2014 by 183% and 307%, respectively.