A Letter of Credit is an undertaking issued by the Bank (issuing Bank) for the account of the buyer to pay the beneficiary, provided that the terms are agreed. It is used to facilitate importation/exportation of goods and services, and also facilitate local trade.

Features

  • Quick turnaround time.
  • Reduced trade risks.
  • Competitive commissions.
  • A dedicated Relationship manager
  • Terms and conditions apply.

Benefits

  • Source of Financing for your business.
  • Flexible yet friendly interest rates.
  • Reduced trade risks.
  • Quick access to loan facilities.
  • Quality of trade items is assured.
  • Timely document transfer
  • Large volumes of trade is better handled.

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