Your city

Almaty

Letters of Credit

pict (1).jpg

Secure your business 

Business of many companies is connected with the risk of the partner’s default. VTB Bank (Kazakhstan) will help you to secure your business against such situations. 

Letter of Credit (documentary Letter of Credit) – is irrevocable obligation of the Bank to make payment to the benefit of the Beneficiary (a person to the benefit of whom the letter of credit is issued) within a prescribed period provided that the Beneficiary delivers the documents in strict compliance with the terms of Letter of Credit.

Terms of Letter of Credit Provision 

Form of Letter of Credit Provision

Covered Letter of Credit/Uncovered Letter of Credit issued as an independent tool/uncovered Letter of Credit within the frameworks of the credit line

Sum of Letter of Credit 

Not more than 750 000 000,00 Tenge /equivalent in other currency *

* In accordance with the provisions of a contract entered into between the Client and its partner subject to compliance with currency legislation of the Republic of Kazakhstan.

Currency of Letter of Credit

In national currency (Tenge) – to the benefit of the Resident (if the Beneficiary under the Letter of Credit is resident); 

In foreign currency/national currency – to the benefit of non-resident (if the Beneficiary under the Letter of Credit is non-resident)*

*In accordance with the provisions of a contract entered into between the Client and its partner subject to compliance with currency legislation of the Republic of Kazakhstan.



Types of Letters of Credit

List of the documents required for issue of secured Letter of Credit

Application for provision of covered Letter of Credit

Application for opening Letter of Credit within the framework of Agreement on opening credit line


You can get a detailed advice in the offices of VTB Bank (Kazakhstan) JSC SO or by calling 5050 (toll-free from any mobile).

ATMs
Career in the bank
Branches