“Our original task has always been to render convenient bank services and their accompaniment. It is natural that due to their long-term work experience, banks have acquired good analyses and experience, and they understand the peculiarities of business in Russia. A bank may render consulting services, anticipating the possible mistakes and helping to correctly build up the process of a company’s entering the Russian market.
“Every country has peculiarities of its own. In Russia, for instance, one of the difficulties faced by the foreigners is currency exchange regulation. It is better to outsource this function to a bank, because banks perform more payments and have longer experiences than business entities; because banks face different situations - unlike many companies that may have a narrow view of the situation. We offer our clients personal currency exchange regulation managers who can prompt the correct specificities for contracts. We also develop online services, and companies that are familiar with peculiarities of currency exchange regulation, can get all information they need in the special section of their Internet banking user account: the information will be available in a separate window.
“It is also worth noting the macroeconomic specificity. For international companies, the rouble exchange rate is of importance - they can become at a loss when it would jump abruptly. Such tools as forex hedging may help them minimise such risks. We offer a cosy online platform which finds the exchange rate in the market initially set up by the company.”
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