Export buyer´s credit
The bank provides an export buyer’s credit to a foreign bank or directly to your buyer abroad. Providing the loan, you will receive a payment for goods immediately upon their delivery. The foreign bank or buyer will repay the loan to the bank under agreed repayment schedule.
Primarily export of investment units and machinery is financed on buyer’s credit.
Buyer’s credit usually covers up to 85% of a contract value, whereas such value should be higher than EUR 1,000,000. Provision of buyer’s credit is subject to loan insurance with EXIMBANKA SR and payment of minimum 15% of the contract value by a buyer in advance.
Benefits for you:
- we will disburse funds for delivered goods immediately upon delivery of goods and acceptance of export documents
- a foreign buyer or a foreign bank is a borrower
- we and EXIMBANKA assume a risk of loan default
- buyer’s credit provides long-term loan repayment to a foreign buyer
- interest costs are lower than interest costs provided by a bank in buyer’s seat
Contact
VÚB, a. s.
Sub-department 3801 – Export and Trade Finance
Mlynské nivy 1
829 90 Bratislava 25
Tel.: 02/5055 2625, 02/5055 2281, 02/5055 1558
Fax: 02/5055 2091
E-mail: tradefinance@vub.sk
