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Trade finance products
Published on 29 March 2018
Slovenia
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
NLB Group, largest Slovene international financial group, 100% owned by Republic of Slovenia, provides support to facilitates export companies acquiring business in their key markets and, if required, insures or undertakes the risks of such business. NLB offers a range of trade finance products: irrevocable letter of credit, bank guarantee, documentary collection, bank payment obligation, buyer’s credit.
Innovative Entrepreneurship Centre was created, to respond to needs of SMEs in all phases of operation, offering entrepreneurs banking products and entrepreneurial content (training and supporting environment for mutual socialising, meetings and exchange of ideas). Through single sales support unit centres all around Slovenia NLB provides assistance to SMEs and by taking over operational tasks, account managers can focus more intensively on soliciting customers’ needs. NLB actively monitors and analyses business models, financials and growth of companies. They are able to provide their clients with creative, targeted solutions. NLB employs specialists with long-time experiences in the field of international trade. SMEs are advised to get in contact with bank as soon as possible prior to closing contracts with their international partners, to be consulted on financial structure of transaction, insurance risks and selection of foreign banks.
Innovative Entrepreneurship Centre was created, to respond to needs of SMEs in all phases of operation, offering entrepreneurs banking products and entrepreneurial content (training and supporting environment for mutual socialising, meetings and exchange of ideas). Through single sales support unit centres all around Slovenia NLB provides assistance to SMEs and by taking over operational tasks, account managers can focus more intensively on soliciting customers’ needs. NLB actively monitors and analyses business models, financials and growth of companies. They are able to provide their clients with creative, targeted solutions. NLB employs specialists with long-time experiences in the field of international trade. SMEs are advised to get in contact with bank as soon as possible prior to closing contracts with their international partners, to be consulted on financial structure of transaction, insurance risks and selection of foreign banks.
Resources needed
All operations are financed by NLB.
Evidence of success
In 2016 a very high loan growth, namely for EUR 302.3 million (+15.3%) on annual level was achieve in segment of key SMEs.
In 2016 Innovative Entrepreneurship Centre in Ljubljana organised 188 educational and business events with total of 5.895 participants. Centre was visited by over 9.000 visitors.
In 2016 Innovative Entrepreneurship Centre in Ljubljana organised 188 educational and business events with total of 5.895 participants. Centre was visited by over 9.000 visitors.
Potential for learning or transfer
Practice offers products for financing and insuring export as well as expert advice: SMEs can choose from a range of trade finance services helping them in internationalisation, and at the same time they can profit from advice of specialists with long-time experiences on field of international trade
Innovative Entrepreneurship Centre showcases example of integrating targeted customers in an innovative way.
Practice is transferable in terms of organisational model / implementation process, specific tools and methodology for the involvement of the targeted stakeholders.
Innovative Entrepreneurship Centre showcases example of integrating targeted customers in an innovative way.
Practice is transferable in terms of organisational model / implementation process, specific tools and methodology for the involvement of the targeted stakeholders.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
NLB Bank
Slovenia
Zahodna Slovenija
Contact
Senior project manager