LOCKO-Bank is in Top-15 Banks by Issued Letters of Credit Volume

LOCKO-Bank is in Top-15 banks operating in the market of legal entities domestic letters of credit, by issued letters of credit volume, taking 12th place according to Expert RA ranking.

The ranking is based on the survey results, as well as public financial statements posted on the website of the Central Bank of the Russian Federation. The survey took into account the volume and the number of advised and issued letters of credit by order of the domestic legal entities for the period from 2010 to 2013.

In general, LOCKO-Bank notes high interest in this instrument of settlements that demonstrates the three-time increase in 2013 compared to the previous period. The upward trend is confirmed by the results of the research, according to which the volume of issued domestic letters of credit by order of the legal entities increased by 1.6 times compared to 2012.