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- The bank grants loans and credit
lines intended for large, medium and small businesses to satisfy
financial needs of companies and organizations engaged in production, service
providing, social activities or agriculture. The borrowed funds may be used
for various purposes: purchase of equipment or office machines, of new
technologies and vehicles, for construction and reconstruction of buildings,
for setting and reorganization of infrastructure, for increase of floating
assets and production volume.
- Should a company be engaged in short-term projects, with uneven distribution
of cash flows that are hard to forecast, then a credit line becomes an
especially convenient borrowing tool. With the opening of the credit line, the
businessman will pay only for the part used, while he is free to
repay the line and later taking advantage of it at any time within the contract
term.
- The bank also provides the clients with overdraft and factoring services. Companies whose staff receive their pay
directly credited to their SNORAS payment cards may avail themselves to the
Bridge scheme specially designed for payroll catering that provide ultimate
and timely payroll service.
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