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Cash Transaction

Currency Buy Sell
EUR RUB 86.0749 90.7825
EUR CHF 1.0432 1.0903
EUR USD 1.1569 1.1969
EUR GBP 0.8950 0.9231

Non-cash Transaction

Currency Buy Sell
EUR RUB 88.9319 90.1175
EUR CHF 1.0727 1.0846
EUR USD 1.1806 1.1906
EUR GBP 0.9124 0.9195
20.09.2020

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.