Federal Customs Service Increases SDM-Bank Guarantees Limit
Federal Customs Service of Russia affirmed SDM-Bank right to issue customs payment guarantees, and increased the maximum single guarantee amount from RUB 35 mln to RUB 140 mln. The maximum total amount of guarantees in effect was also increased from RUB 170 mln. up to RUB 700 mln. This decision was driven by SDM-Bank performance stability, particularly reflected in equity size and capital adequacy indicators.
Federal Customs Service of Russia put SDM-Bank on the Customs Payment Guarantee Banks Register in September 2009.
Such limit extension enables SDM-Bank to significantly broaden the opportunities offered to the customers engaged in international businesses.