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Corporate Banking Currency Control
In accordance with the requirements of effective laws IŞBANK controls all kinds of currency operations, including non-trading transactions and operations between residents and non-residents in rubles.
IŞBANK provides its Customers with a wide range of services connected with the functions of the currency control agent performed by the Bank:
- Informs Customers about changes in the sphere of currency control;
- Executes transaction passports for goods imported to and exported from the territory of the Russian Federation, for works performed, services rendered, information transferred and results of intellectual activity, and also under credit agreements (loan agreements);
- Provides qualified advice:
- On execution of documents required to perform currency operations in foreign currency and RF rubles;
- On evaluation of compliance of the conducted currency transactions with the effective currency laws including checking bank details of foreign trade contracts;
- On other matters of currency legislation and currency control.
Additional services:
- The “Bank-Client” system available in the Bank gives a possibility of quick work including work with currency control documents;
- Signing transaction passports on the day of addressing the Bank.
In accordance with the Instruction of RF Central Bank 1676-У "On introduction of changes into the Instruction of Bank of Russia dated March 30, 2004, 111-И "On mandatory sale of a part of profit on internal currency market of the Russian Federation” the amount of mandatory currency profit sale was reduced to 0 %. This Instruction took effect on May 7, 2006.
Instructions for customers who perform currency operations
Bank's recommendations for the Customer who executes "Application for transfer" in foreign currency
Presentation of the software complex "VK UVED" for automation of Currency Control at the Enterprise that participates in external economic activity
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