Sber's Letter of Credit – Trust Packaged in Digital
When stakes are high and partners are new, many companies seek ways to protect their transactions without losing business speed or flexibility. Sber’s letters of credit help ensure secure settlements for equipment supplies, real estate purchases, or collaboration with foreign counterparts.
German Barg, Chairman of the Moscow Bank of SberBank:
"Imagine purchasing goods from a new supplier, with Sber acting as the transaction guarantor. The contract is signed, funds are blocked, and the supplier is assured of payment. If your partner meets the terms, they receive the payment. If not, you don’t lose a penny. Sber’s letter of credit is like a handshake in the digital world: fast, honest, and stress-free."
Numbers & Facts:
— 6,700 letters of credit opened at Moscow Sber in six months — a 45% increase compared to the same period in 2024;
— RUB 145 billion in secured transactions — equivalent to the annual budget of a small region;
— 3 hours — average time to open a letter of credit.
Denis Vladimirovich Zuzik, Deputy General Director of MAER GROUP LLC:
"Our company is actively growing by leveraging new growth points in today’s dynamically shifting economic environment. While collaborating with a wide range of economic agents, both domestically and internationally, we cannot limit ourselves to standard bank transfer tools — they restrict our flexibility and agility. Convenience, security, and speed are what matter most for modern businesses. With Sber’s letters of credit, we bypassed excessive paperwork, issued a letter of credit, and signed the contract. Delivery of the contractual asset was completed exactly on schedule."
Sber’s Letter of Credit is not just financial insurance but a key to new markets and partnerships. Businesses gain a guarantee — no risks of non-payment, fraud, or payment delays. Learn more on the bank’s website.
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