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OJSC "Terneyles" received a bank guarantee for 100 million rubles from the Far Eastern Savings Bank
Far Eastern Sberbank has provided OJSC Terneyles with a bank guarantee for the refund of VAT refunded to the tax authorities in the amount of 100 million rubles for a period of 8 months. The financial support of the bank will allow the company to increase the turnover of funds, the press service of Sberbank reports.
“OJSC Terneyles is our regular client and business partner, one of the leading exporters of timber in the Far East region, and we are always glad to offer the company effective financial solutions for business development,” noted Evgeny Titov, Chairman of the Far East Bank of OJSC Sberbank of Russia. “The bank guarantee will help the company to speed up the flow of funds under export contracts by reducing the" backlash "between delivery and VAT refund."