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Cash Transaction

Currency Buy Sell
EUR RUB 87.2296 92.0864
EUR CHF 1.0695 1.1180
EUR USD 1.1942 1.2342
EUR GBP 0.8586 0.8836

Non-cash Transaction

Currency Buy Sell
EUR RUB 89.9713 91.1831
EUR CHF 1.0916 1.1037
EUR USD 1.2068 1.2168
EUR GBP 0.8645 0.8707
27.02.2021

Working capital financing credit lines

Credit lines for business finance are intended to be used by local businesses in Cyprus that need to attract additional financing in order to meet their working capital needs as part of their main business operations. This type of business finance operates on the basis that the borrower will be provided a revolving credit line limit, and the loan is granted in the form of individual tranches. The size of any one tranche must amount to at least 20% of the credit line limit, and the term of the outstanding debt applicable to each tranche may not exceed six months.

Illustration of credit product:

Working capital financing credit lines

This type of credit product requires the borrower to transfer operating cash flows and credit turnover to its current accounts opened with RCB Bank Ltd, and must be secured with collateral. The cap on the revolving credit line limit is set on a case-by-case basis, taking into account the client’s financial strength, the average monthly credit turnover from its main business operations, and an assessment of the proposed collateral. At the same time, the value of the collateral must cover the size of the principal, the interest and any risks the Bank may incur if it is forced to sell the collateral.