https://www.citadele.lv/en/business/trade

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https://www.citadele.lv/en/business/trade

Trade finance

Support for your business growth

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All types of bank guarantees

Secure the fulfilment of your obligations during procurement processes and transactions with business partners

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Risk management

Reduce risks in local and international transactions

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Improve cash flow

Receive financing and allow your business to grow

It is used in cases when business partners ask to guarantee the fulfilment of obligations. This gives businesses various opportunities:

  • Take part in government, municipality and other business procurements which require a guarantee of the offer
  • Guarantee prompt payment to your transaction partners for completed works or goods received
  • Reduce the risk of international trade
  • Ensure the fulfilment of various local and international agreements
Apply for a consultation
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A letter of credit gives additional security to businesses in international trade transactions. It is an undertaking of the buyer’s bank to pay a certain amount to the seller upon presentation of shipping documents described in the letter of credit.

  • No need for the buyer to make prepayment, and they may receive longer payment deadlines
  • The seller receives payment regardless of the buyer’s ability to pay
  • The terms of the letter of credit can be amended or cancelled only with the consent of the seller, so the order cannot be cancelled or changed without the seller’s agreement
  • The seller can receive financing from the bank without additional collateral
Apply for a consultation
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A bank service for international trade payments in transactions with regular business partners. The benefit to the seller: the buyer receives the shipping documents, what are needed to collect the goods, only after the payment is made. The benefit to the buyer: certainty that the goods they have paid for, are on their way.

  • Greater security for international trade transactions
  • Lower international trade transaction costs
  • Buyers can make international transactions with a shorter prepayment period, or even without advance payment
Apply for a consultation
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By using the factoring service, the seller receives the money for the invoices they have issued right away.

  • Financing up to 90 % of the invoice amount
  • Customers can provide longer invoice payment terms of up to 120 days
  • Service available for total invoice amounts starting from 100 000 EUR
  • Low commission fee for factoring: from 0.2 % of the invoice sum + VAT

Necessary documents


Apply for a consultation
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More opportunities

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Business financing

Choose the most suitable financing method for your business needs and growth.
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Microloan

Financing of up to 70 000 EUR to develop your business or for various everyday needs. Apply online and receive an offer within 30 minutes.
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X Business card

A card with travel insurance and purchase protection included, and the option of receiving up to 20 000 EUR in financing for various business needs without additional collateral.
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Payment plans

One payment for all the most important everyday services for your business.
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Payment acceptance

Various solutions for accepting payments in retail locations and online.
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