BPS-Sberbank was founded in 1923 and remains one of the oldest and largest banks in the Republic of Belarus.
In 1928 the Bank was re-organized as the Bank for long-term financing of industry and power supply.
After the credit system reform in 1932, there was created the Bank for financing of capital construction, industry, transport and communication of the USSR. In 1930s Belarusian regional branch of this bank expanded its activities, opened branches in Gomel and Mogilyov and financed more than 700 construction projects in 73 regions of the Republic.
In 1941 the Bank suspended its activity due to German occupation. During the difficult after-war period the Bank recovered its activity and provided for fulfillment of the objective on efficient utilization of funds allocated for reconstruction of the national economy.
In 1959 the All-Union bank for capital financing – Stroybank USSR – was created. The Belarusian branch of Stroybank USSR concentrated on financing of construction and reconstruction of industrial enterprises, construction industry objects, transportation, communication, housing construction, social and cultural objects (90% of investments in the Republic) and short-term financing of contracting construction entities.
Within the process of banking system reforms in 1987, the Bank for industry and construction of the USSR was created. The structural division of this bank in Belarus began to provide the full range of banking operations and services related not only to investment but also industrial, manufacturing, purchase and sale activities of enterprises and organizations.
In September 1991, the Commercial Joint-Stock Belpromstroibank was created, and in March 1992 the Meeting of founders decided to open subscription for the Bank’s shares, thus upon its completion the Bank became an open joint-stock company. Following the Statute and the strategy established by the shareholders, the Bank contributed greatly to the objective of reforming of the national economy and financial stabilization of enterprises.
In October 1999 the Bank was renamed into Joint-Stock Company “Belpromstroibank”.
JSC “BPS-Bank” provides to its customers a full range of credit services in Belarusian rubles and in foreign currency. We offer favourable terms of crediting, convenient repayment schedules, flexible approach to choosing and evaluating mortgages.
BPS-Sberbank is interested in cooperation with reliable partners, that is why definite requirements are set for potential borrowers. The amount of the established limit of crediting is generally comparable with such financial showings as monthly proceeds and the size of equity. The rates on credit products are market and are set individually in accordance with the following factors:
The guarantee of execution of liabilities from the side of the borrower according to the loan agreement can be:
One of the priority directions in the activity of BPS-Sberbank is financing of investment projects of enterprises of various forms of ownership.
Investment loans to organizations and legal entities are granted for the purposes connected with the development of new and modernization of existing enterprises, purchasing of accomplished and unaccomplished construction objects of production and nonproduction purposes, purchase of equipment, machinery and devices, purchase of transport vehicles, agricultural and road construction equipment, other goals connected with development and flow of long-term assets.
Preference is given to projects ensuring the growth of volume and widening the range of export goods stock-list, directed at development and advancement of production industries based on new and high technologies and on the usage of local raw material resources, presupposing the usage of technical and scientific potential possessed by an enterprise.
While financing investment projects economic entities get the following benefits from BPS-Sberbank:
The most attractive form of financing deliveries of foreign equipment for the bank’s customers is the loan from BPS-Sberbank with funds obtained from foreign banks under insurance coverage of authorized insurance agencies.
The Bank has entered into agreements on long-term crediting of import with a range of German, Swiss, Austrian, Italian, Czech, Polish and Chinese banks. The geography of exporting countries is constantly widening.
Machinery, devices and equipment, technologies connected with their installment and engineering services act in the role of an object of crediting.
Besides that there is an opportunity to organize acquisition of a direct loan from a foreign bank insured by BPS-Sberbank. At the same time our bank renders comprehensive assistance to the borrower in preparing documents for a foreign bank and provides the foreign bank with a guarantee on fulfilling by the customer of its obligations on repayment of the loan and interest.
Among main benefits of financing investment activity in BPS-Sberbank with obtaining funds from foreign banks one can single out the following:
cinterest rates on loans with funds obtained from foreign banks are lower than the rates on loans granted at the expense of resources obtained in the Republic of Belarus;
- formation of an attractive investment image of Belarusian enterprises.
Financing of economic entities’ investment activity can also be effected by means of using financial leasing.
The object of leasing can be any real estate or personal estate, which belongs to fixed assets according to the established classification, and software tools and operating instruments, which ensure the functioning of fixed assets transferred to leasing.
Main advantages of financial leasing for economic entities:
possibility of receiving income from operation of leasing objects even before purchasing them into ownership;
possibility of accelerated depreciation of leasing objects;
ascription of leasing payments to the prime cost of production (works, services) and consequently optimization of taxation of leasing recipient;- absence of necessity of providing a substantial volume of securing liabilities in respect of the leasing agreement.
BPS-Sberbank” is an authorized bank to fulfill state program of leasing of automotive transport vehicles of Belarusian producers within the framework of the Decree of the President of the Republic of Belarus dd. 08.04.2004 No 171 “On some measures on improving conditions for selling automobile transport vehicles of domestic production”. The level of leasing rate on transactions effected within the framework of the Decree comprises 8% per annum. The currency of financing is USD (United States Dollars).
The manufacturers of automobile transport vehicles, production of which is sold within the framework of the Decree, are:
RUP «Minsk Automobile Plant»
SP ZAO «MAZ-MAN»
PRUP «Neman»
SP ZAO «Junison»
Trade Finance
BPS-Sberbank is one of the leading banks in the trade finance market of the Republic of Belarus.
Good reputation of the bank within the country and abroad, constantly growing size of limits set by foreign banks for BPS-Sberbank, active work with foreign export credit agencies, presence of a team of professionals in the sphere of trade finance – all these factors help the Bank to service export-import transactions of Belarusian economic entities.
In comparison with traditional form of settlements, trade finance operations have their advantages both for the Bank’s customers and their foreign partners. The Bank’s services in this area allow Belarusian enterprises to obtain considerable restriction of commercial and financial risks in export and import operations, decrease of financing costs for international deals, enhancement of their products’ competitiveness, and contribute to efficient financial flows management.
DOCUMENTARY LETTERS OF CREDIT
Documentary letter of credit is a commitment of the issuing bank acting on behalf of the customer (applicant) to make a payment in favour of the recipient of funds (beneficiary) or to authorize another bank (executing bank) to effect payment upon timely presentation of documents by the beneficiary, which comply with the L/C terms.
Use of documentary L/Cs in settlements for imported goods and services is a less risky form of payment compared to prepayment.
An import L/C can be issued by BPS-Sberbank without transferring collateral by the Customer. This operation allows customers to purchase necessary equipment and materials without withdrawal of funds from the turnover.
In case, when an enterprise has enough monetary funds (own funds or budget funds of different levels, purposeful state budget funds etc.) L/C’s with transfer of collateral can also be issued. At the same time there is a possibility of receiving additional income in the form of interest on the account of collateral.
Use of uncovered letters of credit in settlements allows to obtain funds of foreign banks for further crediting of customers. At the same time interest rate on a loan can be 1-2% lower in comparison with a usual rate.
Good reputation of BPS-Sberbank outside the Republic of Belarus, presence of ratings awarded by Fitch Ratings, annual international audit and as a result constantly growing size of limits set for BPS-Sberbank by foreign banks allow us to organize confirmation of letters of credit in favour of suppliers practically from every country of the world.
Timely execution by the bank of its obligations to foreign companies and financial institutions resulted in the fact that today nonconfirmed letters of credit of BPS-Sberbank are accepted by a number of companies in Western and Eastern Europe, the CIS and the Baltic states, China, Taiwan, USA etc.
Export L/C is a guarantee of payment for delivered goods/services for the Seller. Upon receipt of the L/C, the Exporter obtains an obligation of the issuing bank (confirming bank) to make payment under the L/C upon presentation of the relevant documents.
BPS-Sberbank provides a full range of services with L/Cs issued in favour of the Bank’s customers aimed at export settlements:
advice of export L/Cs;
support in preparation of documents under the export L/C, time-efficient sending of documents to a foreign bank;
services of the executing bank, including verification of documents under the L/C, making payments under the export L/C upon presentation of the relevant set of documents;
confirmation of export L/Cs.
BANK GUARANTEES
Bank guarantee is a written obligation of the bank-guarantor to pay upon beneficiary's (person in favour of whom the guarantee is granted) demand an amount, if the principal (person, who granted the guarantee) fails to fulfill his obligations secured by the guarantee.
Bank guarantee is a universal financial instrument that can be used in international business and domestic settlements in Belarus. The guarantee can be used both by importing enterprises and by exporters.
Due to its positive international reputation and extended expertise in this area, BPS-Sberbank has the possibility to provide full range of services on issuing bank guarantees directly to foreign companies, as well as to ensure issuing guarantees by foreign banks of Western and Eastern Europe, the CIS and the Baltic states, Russian Federation, China etc. on an uncovered basis under counter-guarantees of the Bank.
Due to positive international reputation of BPS-Sberbank guarantees issued by the Bank are a reliable method of securing customer obligations while effecting external trade transactions.
Use of bank guarantees allows to reduce risks of its customers and to foresee more beneficial conditions of settlements under external trade contracts. Guarantees allow to reduce customer expenses on contracts by means of reducing financing costs of external trade transactions.
The Bank’s specialists assist in developing and in coordinating with customers’ foreign partners the texts of guarantees, which ensure fulfillment of interests of parties to external trade contracts.
Bank guarantees are widely used for optimization of economic operations effected in the Republic of Belarus.
JSC “Belpromstroibank” issues the following types of bank guarantees:
Advance payment guarantee. It allows companies to obtain funds of customers, who buy their products, and to minimize their risks of non-receipt (delayed receipt) of goods. The usage of such an instrument is justified, when an enterprise needs circulating assets in order to support production of its goods, therefore, cannot dispatch goods (provide services) with payment upon delivery (deferred payment). This situation may arise at the enterprises that produce complex and expensive technical equipment, which requires a long production period.
Payment guarantee ensures timely payment to the supplier (contractor) for the goods delivered, work completed, services rendered under any contract. This instrument allows to provide for more beneficial terms of settlements under trade contracts (upon delivery or with deferred payment).
Performance guarantee is an instrument that ensures proper performance of the Customer’s obligations on the delivery of goods, completion of work, provision of services, and, as a rule, compensates losses incurred by the buyer (customer etc.), when the counteragent fails to fulfill his obligations.
Tender guarantee. Contemporary economic practice of concluding contracts for supplying goods/services often presupposes to determine the Supplier by the Buyer through a tender, in order to achieve optimal contract terms. As a rule, a prerequisite to participate in a tender (including international tenders) is presenting a tender guarantee by the participant.
Loan repayment guarantee is one of the instruments, which secures performance of obligations under a loan contract, when the Customer is the Borrower. The guarantee amount may support the repayment of the granted loan, as well as repayment of interest and default interest. Along with loan repayment guarantees, BPS-Sberbank issues bail sureties on loans granted by regional employment offices.
Customs guarantee is intended for optimization of relationship between customers of BPS-Sberbank with customs authorities. Different kinds of customs guarantees and bails issued by the Bank ensure postponement or payment in installments of customs duties for the goods imported to the customs territory of the Republic of Belarus, payment of customs duties by owners of customs warehouses and temporary storage houses, and are also used in transportation of goods under customs supervision etc.
Guarantee in favour of BAMAP is necessary for Customers (legal entities and individual entrepreneurs) undertaking international cargo transportation in accordance with TIR procedure. Cargo transported with regard to TIR procedure are exempted from payment of import and export duties at intermediary customs.
FACTORING
Factoring (financing under cession of monetary claim) is the operation where BPS-Sberbank (Factor) in accordance with the factoring agreement undertakes to pay the Supplier the amount of discounted monetary obligation of the Buyer-Debtor.
Discount is payment for factoring and is determined in the factoring agreement as the difference between the amount of a monetary obligation of the Buyer-Debtor and the amount paid by BPS-Sberbank to the Supplier.
The term of financing under cession of monetary claim (factoring) is determined with consideration to the requirements of the legislation of the Republic of Belarus and the terms of payment provided for in agreements (contracts) on delivery of goods, services and works.
BPS-Sberbank grants its customers financing under cession of monetary claim (factoring) by means of signing with them both non-repeat and general agreements. General factoring agreement is entered into for a definite term and allows customers to repeatedly receive financing without entering into additional agreements.
Main characteristics of factoring services in BPS-Sberbank:
absence of limitations on amounts of deliveries of goods, services and works.
absence of limitations on the number of Buyers-Debtors
constant monitoring of Buyers-Debtors indebtedness, revelation of negative trends.
Advantages of the service:
regular replenishment of circulating assets due to the Bank’s resources
build-up of the turnover due to received competitive advantages, the main of which is the provision of a deferred payment for the buyers of delivered goods, services and works
the Bank’s control over debtors inpayments.
absence of control over purposeful usage of funds provided by the Bank (it can be used to pay taxes, fees etc.)
Cash-and-Settlement Services
Cash-and-Settlement Services in the Bank conform with the highest standards, which are speed, quality, highest degree of reliability and maximum comfort for the customers.
The Bank suggests high quality cash-and-settlement services in Belarusian rubles and in foreign currency:
opening and maintaining of accounts in Belarusian rubles and in foreign currency according to flexible rates;
effecting all types of payment transactions on accounts;
effecting transfers, including possibilities of using funds credited to the customer account during the current business day;
acceptance of payment orders for collection and warrants for payment – cheque registers of cheque owners;
reception and giving out of cash.
In case of non-typical situations the Bank is ready to provide its customers the following additional services:
change of payment instructions or withdrawal of a payment document;
requests, reference on payment instructions, additional information on the customers demand;
payment investigation;
bank account certificates;
certificates of money flow with customer accounts on his written demand;
additional information on incoming payments after crediting funds to the account.
Advantages of the service:
consultations are provided by the Bank free of charge;
possibility of opening current banking accounts in any branch of the Bank;
effecting settlements during a prolonged operational day;
widespread branch network, online settlements with partners-customers of our Bank.
Electronic banking services
We are always pleased to see you in our Bank, but we value your time and offer to use the opportunity of managing accounts right from your office. The system of remote access to the account “Bank-Customer” of the system of distance banking servicing “BS-Client v.3” will ensure permanent operational connection with our bank. More than 1800 customers of the Bank use the system, among them ZAO “Atlant”, RUP PO “Belorusneft”, PO “BelAZ”, concern “Belenergo”, RUP “BMZ” etc.
The subsystem “Bank-Customer” of the system of remote banking servicing “BS-Client v.3” includes a multilevel system of protection from unauthorized use and ensures sufficient level of reliability of performance and confidentiality of information provided that the customer fulfills all the requirements and recommendations of the Bank. For the purposes of identification and confirmation of the authenticity of documents transferred by means of using the subsystem “Bank-Customer” certified means of electronic digital signature are used.
The sub-system “Bank-Customer” allows to make and to direct to the Bank:
payment documents in Belarusian rubles and in foreign currency
applications, payment orders for purchase (sale), conversion of foreign currency
registers of inpayments distribution in foreign currency
information about received export takings for commodities (works, services)
requests on receiving writing out on accounts
optional documents (letters to the Bank)
Advantages of the service:
practical economy of the enterprise’s funds and working time of its staff. Fee for installation and maintenance of the subsystem “Bank-Customer” constitutes only a small part from the saved funds;
security of settlements ensured by usage of modern technologies of information protection;
minimum time for handling customers’ documents;
supports universal format of documents import/export from various accounting programs of the customer
excludes mistakes of the staff while effecting settlements due to the system of automated control over the process of filling compulsory requisites of documents
possibility of operational decision-making while managing financial flows.
International settlements
Correspondent network of BPS-Sberbank is one of the most branched and dynamically developing networks among Belarusian banks. Correspondent relationships are maintained with 622 banks from 76 countries of the world. This helps to effect money transfers to any foreign country, which is an economic partner of the Republic of Belarus.
Information exchange is effected by means of using modern communication means: S.W.I.F.T., TELEX, “Bank-Customer”, which allow to conduct transactions with maximum effectiveness and minimal problems.
The Bank offers its customers:
effecting transfers in accordance with customers’ payment orders
guaranteed transfer at the expense of the sender
payments with collateral
support and participation in negotiations of the customer with their foreign partners in the process of entering into external trade agreements.
Advantages of the service:
transfer of payment instructions in foreign currency by means of using international telecommunication systems;
crediting funds to accounts and effecting transfers to the accounts of other banks and to the customers’ accounts held with our bank in foreign currency on a free of charge basis;
crediting full transfer amount to the account of the beneficiary in case you have used the service “guaranteed transfer at the expense of the sender”.
Foreign exchange operations
Servicing of external economic activity and conversion transactions:
purchase/sale of non-cash foreign currency at the Belarusian stock exchange auction;
compulsory sale of foreign currency in domestic foreign exchange market;
purchase/sale of non-cash foreign currency in the over the counter market;
purchase/sale of non-cash foreign currency for another foreign currency.
Currency control:
consultation in the sphere of foreign currency legislation;
analysis of external economic contracts in accordance with the requirements of foreign exchange legislation, assistance in preparation of projects of external economic contracts;
assistance in drawing up and execution of deals passports, other currency control documents;
conducting exchange control in the process of effecting exchange transactions in foreign currency and in Belarusian rubles;
provision of consultations on the procedure of effecting and registration of exchange transactions by means of using various types of settlements: L/Cs, collection, banking transfer;
consultations in the process of customer preparation to appeal to foreign exchange control authorities with the aim of getting required explanations;
providing consultations to customers about changes in foreign exchange legislation, separate explanations of foreign exchange control authorities about the practice of implementing statutory documents of foreign exchange legislation.
Advantages of the service:
Free of charge consultations by the Bank’s specialists, including issues of exchange control at the stage of signing external trade contracts;
Quick execution of a deal passport;
Favourable exchange rate of conversion transactions;
Absence of fee for conversion of foreign currency.
Cash collection services and services on delivery of cash and other valuables
BPS-Sberbank provides its customers with the following services:
- cash collection of cash and other valuables on a specially equipped transport to the bank in accordance with the schedule suitable for the customer;
- delivery of cash and other valuables from the bank to the address given by the customer.
Advantages of the service:
the Bank carries full material responsibility to the customer for the safety of his funds and valuables;
timely and qualitative provision of services regardless of the number of orders;
minimization of customer expenses for cash collection and payment for tellers work;
elimination of customer problems connected with safety of cash and valuables in the process of their transportation.
Banking custody
BPS-Sberbank provides individual banking safe for custody of valuables and documents
Bank safes-vaults are situated in a specially designed room – Depository and have cell-safes of various sizes, which allows the customer to use a cell-safe in accordance with the size of valuables, which need custody.
Advantages of the service:
confidentiality of work with the deposited subject;
acceptable tariffs on provision of bank safes for use;
free of charge visit of the Depositary regardless of the number of visits per day.
Allocation of free funds
BPS-Sberbank offers its customers different ways of allocation of temporary free funds with the aim of receiving additional stable income with guaranteed safety of funds.
Bank deposits
Deposit accounts opened with BPS-Sberbank are a classical instrument of the term allocation of free funds in Belarusian rubles, Russian rubles, United States Dollars and Euro.
Advantages of the service:
flexible conditions of attracting deposits by terms with the right of replenishment, pre-term, partial or full claim of the deposit amount;
competitive size of interest rates by deposits, which corresponds to current market conditions, is differentiated with consideration of the amount and terms of attracting funds;
transferring funds from deposit account to other bank accounts and (or) to other persons.
Deposit certificates
Deposit certificates of BPS-Sberbank are an optimal instrument of receiving a fixed interest income from allocation of funds in Belarusian rubles during the agreed period of time. Deposit certificates can be purchased by legal entities (residents and non-residents). Deposit certificates are issued only in the currency of the Republic of Belarus.
Advantages of the service:
registration of a deposit certificate for any period suitable for the customer;
the period of circulation and interest rate set by the bank while granting a deposit certificate do not change within the period of its circulation;
deposit certificate within the period of circulation can be transferred to another legal entity according to the agreement of cession of legal claim (cession) with the respective mark on the blank of the certificate;
depositary certificate serves a first-class guarantee in the process of receiving a loan;
a written application of a legal entity is enough to register a depositary certificate.
Banking bills of exchange
Bill of exchange is a simple and non-stipulated liability to pay a certain amount of money during a stipulated term. Bills of exchange can be either interest-bearing or discount. They comprise the functions of a reliable saving up and settlement financial instrument. BPS-Sberbank issues simple bills of exchange nominated both in Belarusian rubles and in foreign currency. Bills of exchange of BPS-Sberbank possess high liquidity, i.e. capability of being converted into money, because they can be sold, they can be used as a settlement mean for delivered products or can be presented for payment ahead of schedule.
Operations in the securities market
BPS-Sberbank is a professional participant of the securities market, it provides a wide range of services in transactions with securities:
transactions of state securities purchase/sale (at auction, before repayment and reverse purchase);
transactions of corporate securities purchase-sale in the stock exchange and over the counter markets;
effecting primary distribution of customers’ securities at an auction within the trade session of Belarusian currency and stock exchange;
registration of transactions with securities effected by the customer in the over the counter market;
effecting bank settlements under funds and depositary settlements under securities subsequent upon concluded deals with securities.
Advantages of transactions with state bonds:
bonds are a highly reliable financial instrument, because they are ensured by liabilities of the state;
incomes from bonds bear benefits in the process of taxation;
bonds have quite a high profitability, which depends from the term and the period of allocation of funds;
bonds ensure possibility of allocation of funds for any term from 2 to 360 days and possibility to return funds after the sale in maximum short terms;
trades in the stock exchange are held every day, which gives the customer an opportunity to flexibly manage his money flows.
Depository services
The depository of BPS-Sberbank has been conducting its activity since 1994 and is one of the largest depositories of the Republic of Belarus, which renders all kinds of depository services for issuers, legal entities and individuals, including:
Depository servicing of securities issuers:
opening of “depot” accounts for the issuer and his shareholders, crediting securities owned by the shareholders and formation of the register of issuer’s shareholders;
collection and formation of the register of the issuer’s shareholders for the date determined by him;
record keeping of all transactions effected with the issuer’s securities.
Additional services offered to the issuers:
effecting calculation of dividends on securities of the issuer, preparation of settlement and payment documents and organizing disbursement of dividends;
examination and distribution of information to the shareholders on behalf of the issuer;
provision of information to the issuer from the shareholders register and other information necessary for the issuer to draw up reviews.
Maintaining “depot” accounts of securities holders:
opening a “depot” account and effecting all depository operations on behalf of the customer, including:
settlements according to the results of securities trading at the stock exchange;
record keeping of securities transferred to mortgage;
repayment of securities and disbursement of profit on them;
record keeping of securities with the “depot” account of the authorized manager from the point of view of securities owners.
Rendering a wide range of depositary services, the depositary of BPS-Sberbank sets one of the lowest tariffs for provided services, at the same time using flexible individual approach in the process of signing depository agreements with the customers of the depository.
Having a branched network BPS-Sberbank provides its customers with an opportunity of depository servicing in various regions of the Republic of Belarus.
Plastic card services
Acquiring
JSC «Belpromstroibank» provides services to trade/service enterprises in organization of settlements by means of using banking plastic cards (acquiring).
By introducing this service your enterprise improves its image and acquires a number of other advantages:
increase of the number of buyers due to the holders of plastic cards;
decrease of risk connected with receiving cash;
solving the problem with the change;
exclusion of mistakes in the process of settlements with the customers, which are characteristic of cash payments.
Salary projects
BPS-Sberbank offers a service on organization of crediting and paying salary by using banking plastic cards VISA Electron or Maestro.
If you organize salary payment by plastic cards you’ll be able to:
minimize cash transactions;
avoid nervousness connected with receipt, delivery and maintenance of cash;
liquidate queues when receiving salary on days of salary payment, thus minimizing loss of working time;
pay salary to the staff by one banking transfer, including the workers of remote structural subunits;
decrease social tension originating from delay of salary payment by means of using an overdraft loan by the staff.
The whole range of plastic cards services is available to the holders of BPS-Sberbank salary plastic cards, including:
using a plastic card to effect transactions in foreign currency not only on the territory of the Republic of Belarus, but also abroad;
receiving cash at the Bank’s cash desks and at ATM’s of the joint network of BPS-Sberbank and JSSB “Belarusbank” without payment of the fee;
registration of cards additional to the card account (for example, for family members) and control after spending funds by means of setting limits;
overdraft crediting (credit line with the limit up to 400% of an average monthly salary);
effecting payments in favour of suppliers of services without payment of a fee (housing and communal services, mobile communication, cable television, access to internet etc.) in self-service devices (ATMs, info-kiosks, self-service terminals) and with the help of a mobile phone;
purchase of products and payment for services at trade/service enterprises by means of using a plastic card without paying a fee;
instant money transfers between the holders of BPS-Sberbank plastic cards;
crediting of deposit and current accounts opened with BPS-Sberbank in self-service devices;
receipt of interest on deposits directly to the card account;
repayment of credit indebtedness in self-service devices in terms of loans granted by BPS-Sberbank.
Corporate cards
Corporate card is a card, in the process of using which transactions with the card account of a legal entity or an individual entrepreneur are effected. These cards allow the staff of enterprises to pay for different services starting from travel expenses and ending with purchases of office supplies. The Bank offers corporate cards as a payment instrument for the customers of every level: from individual entrepreneurs to large enterprises and public institutions.
BPS-Sberbank offers the following types of corporate cards:
VISA Electron or Maestro – corporate cards of the starting level;
- MasterCard Business – cards with the advanced facilities for more exacting customers.
Advantages for an enterprise:
- minimizing cash operations of the accounting department;
- control over the purposeful use of funds;
- possibility of setting a limit for spending funds on every corporate card;
- absence of a fee in the process of non-cash payment for products and services at the trade/service enterprises;
- crediting interest for the balance of funds to the card account on a monthly basis.
Advantages for the staff:
- 24 hours access to the funds with the card account of the enterprise within individually set limits;
- possibility of operational replenishment of a card account in case of unsuspected contingencies or prolongation of the business trip term of the staff;
- decreasing risks connected with storage and usage of cash, especially in foreign business trips;
- absence of necessity of declaring funds in foreign currency when crossing the state boarder.
Advantages of comprehensive cooperation with BPS-Sberbank”
- transparent activity;
- stable customer base, including leading enterprises of the Republic of Belarus;
- presence of a wide branch network;
- high quality of servicing the customers;
- flexible approach to every customer;
- expert knowledge and qualified staff;
- good reputation of the Bank, strict compliance with legislative and standard acts.
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