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Reiffeisenbank released first international banking guarantee

Reiffeisenbank is going to release the first international banking guarantee on the basis of the R-chain system, AK&M agency reports.

R-chain is the new information platform of the Bank based upon the technology of distributed registers.

The participants of the transaction involve Mozyrsky Refinery, Gazprom Neft and Priorbank (Belarus).

Priorbank released an international banking guarantee by the order of Mozyrsky Refinery in favor of Gazprom neft’s beneficiary. 

Reiffisenbank provided full technical support through the R-chain platform used for the processing and transfer of the e-data and automation of guarantees launching. 

Reiffeisenbank is a sub of Reiffeisen Bank International AG which is a leading corporate and investment bank in Austria. It keeps the expanded networks of subs, leasing companies and providers. 

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