I have a several of bank accounts in countries like Russia, UK, Germany, etc. Mostly personal. Now, I’m looking to get financing from a local bank (Sri Lankan) for a deal I’m doing in Sri Lanka, but I need to establish myself in front of the credit committee and show them that I’m not broke, and the fact that I’ve done these type of deals before (although not in emerging or frontier markets). I’m thinking about providing bank statements from my Russian, German banks. And we are trying to get it done without using any of our own money (so making a €100k term deposit is out of the question).
1. Has anybody done this type of thing? How did it go? (I’m referring to the ‘impressing the bank’ part here. So any experience is welcome)
2. Do banks call the bank on the statement to verify it? (I’m concerned about my privacy as to whether they’ll request current balances, etc.)
3. Do one country’s banks look more attractive (thus get treated favorably) than another country’s banks. Say, banks like dealing with UK banks than German ones, or they hate Russian banks, or something like that.
Thx.
1. Has anybody done this type of thing? How did it go? (I’m referring to the ‘impressing the bank’ part here. So any experience is welcome)
2. Do banks call the bank on the statement to verify it? (I’m concerned about my privacy as to whether they’ll request current balances, etc.)
3. Do one country’s banks look more attractive (thus get treated favorably) than another country’s banks. Say, banks like dealing with UK banks than German ones, or they hate Russian banks, or something like that.
Thx.
