Grecinieku 6, Riga, LV- 1050, Latvia
Phone: + 371 6 7000 444
E-mail: info@bib.eu
Grecinieku 6, Riga, LV- 1050, Latvia
Phone: + 371 6 7000 444
E-mail: info@bib.eu
“Baltic International Bank has provided indispensable support for us to help start the business”, our customers say.
Two customers commenced their business associated with deep-sea exploration. The start-up capital (around US$400,000) was used to purchase the major equipment. Still, they needed a significant amount of money to put the business on a serious track. And soon that opportunity has arrived: India’s government launched a $15 million tender offer for hydrocarbon exploration (to carry out offshore oil and gas exploration). But the most unexpected thing that happened was that they ran into a serious problem. To participate in the tender, the businessmen (as foreign bidders) were required a bank guarantee (bid bond) issued by the State Bank of India. For a fairly young company having recently started its operations and being a newcomer to the market, the requirement seemed nearly impracticable.
Baltic International Bank has given a helping hand to the business. We have arranged the guarantee through three-bank syndication and the businessmen have won the tender!
Thereafter, they encountered some difficulties in India. They experienced a timeframe breach due to unforeseen circumstances. The Indian partners became alerted. Baltic International Bank’s representative went to India and helped convince the customer (the principal) that the project was sure to succeed. The company continued the work and were able to provide a quality finished project. The project has become a testimony to the company’s excellence - customers are showing their readiness to partner with the company!
While driving in Poland, our customer encountered a serious car problem. Having a trouble with the car at midnight is a very frustrating experience. What to do in such situation? Being a World Signia (issued by Baltic International Bank) card holder, the customer contacted a concierge service to find out where the nearest auto service shop is. The customer reasonably hoped that information provided by the in-car navigation system would be helpful to locate him.
It took less than a half an hour to get rid of the problem. The concierge staff recommended him to go to the closest gas station to just wait some minutes for a tow truck to transport the vehicle to the repairs shop.
Our customer planned to celebrate his birthday on the Canary Islands. He wanted to arrange an unforgettable party, yet making his guests feel at home in a very warn atmosphere. Admittedly, the arrangements would have taken a lot of time! Besides, the lack of Spanish language knowledge potentially would spell problems. Two weeks before the party, the customer took advantage of a concierge service available to Baltic International Bank-issued card holders.
The customer picked a ranch house as the birthday celebration location. The owner of the house was a horse breeder, and horse riding was set up as a special surprise for the guests. Irrespective of the fact that at the celebration day the ranch house was expected to be closed to visitors, the concierge service succeeded to agree on the issue.
The party was well thought out and not a singe detail was missed: the concierge service arranged a photographer to take pictures, seaside travel, and a fantastic dinner. The meals were brought in ready to serve. The cooks took care of every tiny detail, including tableware and a coffee-machine.
We took advantage of the chance to help the company arrange smooth and lucrative deliveries. We have hit the mark: already in 2009, the company’s customer base was over 700 clients. Now, they are among industry leaders. They are likely to become a monopoly, according to industry experts.
The success of your initiatives depends greatly on whether your partners support you, but what to do if they do not believe in you?
Without our support, the company would have spent much more time and effort to attain outstanding achievements make, according to businessmen who entered into a partnership with the bank four years ago.
Тhe then-young Russian company, a trader of polymers. Their customer base included 58 clients. The additional investments were needed for the significant growth that would be helpful for taking leading position in the market. Not a single lender agreed to provide the funding for their business needs because of a keen competitive rivalry in the polymer industry. At that time, the company was a newcomer to the industry.
After carrying out a feasibility study to ascertain the likelihood of the project’s success, Baltic International Bank provided post-import financing of US$200,000. One of our correspondent banks partnered with a major supplier of polymer products. We took advantage of the chance to help the company arrange smooth and lucrative deliveries. We have hit the mark: already in 2009, the company’s customer base was over 700 clients. Now, they are among industry leaders. They are likely to become a monopoly, according to industry experts.
Our London-based customer purchased two 2-kilo gold bars. But he could not to take his purchase away immediately because of an imminent two-week travel across Europe.
Baltic International Bank has done its utmost to relieve the customer of the need to go back to Riga and undertook to deliver the bars to London free of charge. The customer highly appreciated our assistance.
What is the best 18th year birthday present idea? A married couple from Switzerland decided to make a very special birthday present to their goddaughter living in Russia. In their effort to build a well-to-do future for the girl, they opened a junior savers deposit for the one-year-old girl. Finding the most suitable bank for their requirements was not a quick or easy task. They wanted to deposit the money in a reliable and stable European bank and to ensure the would-be beneficiary is serviced by Russian-speaking staff.
We are very proud that the depositors chose Baltic International Bank! By the 18th year birthday, an advantageous interest rate and annual interest capitalisation will increase twofold the originally deposited amount of EUR 50,000. Our experience in Western and Eastern European markets will enable us to become an indispensable assistant to help preserve and grow your savings.
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