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For expanding your business abroad
Conquer new markets
Expanding your operations abroad is a strategic decision. New markets mean new revenue flows, more clients and further business growth. They also come with new challenges: different currencies, regulatory frameworks, practices and other financial risks. It is a new chapter, both commercially and financially.
This is why you need a reliable banking partner; someone to stand by you in the face of adversity. At Alpha Bank we have the experience and know-how to help your business expand into new markets. Book an appointment to visit a branch near you and discuss your options or contact your Relationship Manager directly.
With the right tools and financing
Secure transactions
Make the most of banking tools, such as letters of credit, to better secure your transactions with buyers abroad.
With the letters of credit, the buyer's bank commits to repay you if you send the shipping documents. So, you:
- Reduce the risk of non-payment.
- Enhance the credibility of your business and expand your international partnerships.
If you don’t know the bank of the buyer, you can ask your own bank to certify the letter of credit, i.e. to assume the obligation to pay you.
We stand by you every step of the way with comprehensive solutions for letters of credit and well-rounded trade finance solutions in partnership with UniCredit.
Financing and liquidity
As you expand your business internationally, your working capital needs are likely to increase.
You may also need to offer extended payment terms to foreign buyers to reach better deals.
Meet new orders and satisfy larger clients stress-free, by making the most of banking tools and solutions that boost the liquidity of your business:
- Factoring for exports and forfaiting
- Credit facility for export activities
- Export letter of credit discounting
By keeping daily operations well organised
For complete flexibility and control
Make the most of the online tools offered by banks to have control over your international transactions from your place of business or anywhere else.
Through our digital banking, you carry out secure transactions, get products online and keep track of your finances.
To make your business even easier, we have created the Web International Trade portal. Keep track of all your ongoing international trade transactions and submit online requests for simple exports.
If you collect in foreign currency
Depending on the agreement you have made with your buyers, your collections may be in another currency. Consider whether you need special tools to manage your cash flows, such as:
- Accounts in foreign currency for your payment collections.
- Currency conversion online through your digital banking.
- Global market products for FX risk hedging.
For security every step of the way
As you expand your business internationally, so do the risks you take on.
To deal with unforeseen events, you may insure your cargo against in-transit risks.
You may also take out trade credit insurance to ensure repayment of your receivables and protect the cash flow of your business.
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