Sberbank makes letter-of-credit business of legal entities available online
Sberbank has implemented a feature on remote banking services on letters of credit in Sberbank Business Online’s system. The service has no analogues on the Russian market. It is already used by more than 600 legal entities.
Clients can create applications on letters of credit online and independently send them to the bank to be processed. The whole document flow become electronic: clients can send letters on current deals, make changes, submit applications on early payments, as well as answer letters and requests from bank in one click.