Piraeus Bank in Ukraine offers to its customers the banking services that will help optimize the costs related to settlement transactions performed in the course of foreign economic activity, as well as settlement transactions performed in the domestic market and minimize the risks that are usually associated with commercial transactions. Preliminary consultations with our Bank experts at the stage of concluding a contract (agreement) with a counterparty will give you the opportunity to choose the right form of settlement and financing scheme for your agreement and strengthen your position in negotiations with your counterparty.
Guarantee is an irrevocable written obligation of the guarantor bank (Piraeus Bank) to the recipient of the guarantee (beneficiary) to pay the guaranteed amount for the applicant (principal) against the written request of the beneficiary, in case of principal’s failure to fulfill contractual obligations to the beneficiary.Learn more
The instrument is designed for companies engaged in foreign economic activity; the best way to minimize the risks associated with settlements in international trade is to use documentary letters of creditLearn more
Payment form, according to which the Bank transfers a package of documents (indicating the shipment of goods, performance of works or provision of services) to the payer against the payment/crediting of funds from the payer in favour of the recipient. The Bank acts only in accordance with the instructions contained in the collection order and is not obliged to make payments at its own expenseLearn more
Avalizing of bills of exchange – issuance by the bank of a guarantee to the payer’s obligations under the bill of exchange, i.e. acceptance of the obligation to pay the bill of exchange in full or in part for one of the persons liable under the bill of exchange in case of non-payment of the bill of exchange by the payer in time.Learn more
Bank’s Head Office Trade Finance Department: