NBG offers a wide range of products and services for effecting international trade transactions, including:
Imports-receipts / Advance payments
National Bank of Greece offers reliable processing of transactions related to imports-receipts, through direct payment, open account or advance payment.
- Fast and safe processing of your transactions through our advanced IT systems.
- Cost reduction by utilizing our extensive network of correspondent banks, which ensures direct access to all markets without third bank intervention.
Imports' ETHNOcredits
With a view to meeting your requirements to save time and make cost effective trade payments, we offer the option to electronically transmit data between NBG and your clients, in predefined data file format, ensuring convenience, speed and standardization.
Documentary Collections
For Importers
Documentary Collection provides assurance regarding the delivery of goods for the Supplier and the applying of predefined payment terms for the Importer.
Maintaining a wide range of correspondent Banks around the world, National Bank of Greece acts as trustee and intermediary between the Importer and its Supplier's Bank, delivers Shipping documents in accordance with the Remitting Bank's instructions and ensures the timely payment of the collection, or obtains the duly acceptance and repayment of financial instrument.
NBG is the first choice of foreign correspondent Banks, due to our long term relationships with major global Financial Institutions.
- Reduction of time and cost of documentary collection handling.
- Extensive correspondent Banks network thus avoiding the intermediation of third Banks.
- Monitoring of your obligations and providing informative reports.
For Exporters
To ensure the delivery of goods on the terms that you have agreed with customers abroad, you can utilize NBG's expertise.
- Precise input of agreed terms and conditions in the collection instruction to the foreign bank.
- Monitoring the stages of the delivery of shipping documents, acceptance / issuance of financial instrument, and collection by your order.
- Immediate credit to your account of the incoming interbank payments.
International Letters of Guarantee
NBG issues at your request Letters of Guarantee and undertakes to ensure fulfilment of your financial or other contractual obligations.
Depending on the nature of risk undertaken, Letters of Guarantee are classified under two major categories:
a) Those of formal content, i.e. A category (e.g. participation in tenders), and
b) Those of material content, including B category (e.g. good performance) and C category (e.g. payment of various obligations).
- Active participation in cross-border Trade Facility Programs
a) European Investment Bank (EIB)
b) European Bank for Reconstruction and Development (EBRD)
c) International Finance Corporation (IFC)
- Ensuring your access to foreign markets and participation in international competitions - only by NBG.
Import - Export Letters of Credit
For Importers
Commercial Letters of Credit are used to ensure the delivery of goods within a specific time frame, and on terms & conditions agreed between the Applicant (Importer) and the Beneficiary (Exporter).
Standby Letters of Credit are tools to guarantee your future payment obligation.
NBG, with long-standing experiences in all types of Letters of Credit, offers you:
- Access to commercial credits and tenor extension in all markets.
- Preferential unit price (at cash price).
- Proper utilization of Trade Facility Programs provided by internationally recognized organizations (EIB, EBRD, IFC)
- Dedicated Cyprus, China, Korea, and Russia desks to assist you in negotiations.
- Reliable document checking for your assurance.
For Exporters
If you want to ensure the most beneficial terms for Export Letters of Credit and their secured implementation, rely on the long term expertise of NBG.
- Possibility to add Confirmation due to broad Country and Counterparty Bank limits framework.
- Market and foreign bank risks elimination.
- Consulting services for LC terms.
- Pre-checking and thorough scrutiny of documents
- Extensive correspondent Banks network thus avoiding the intermediation of third Banks.
- Specific markets knowhow and expertise.