Whether you are an exporter or an importer, we help you reconcile these two activities’ diverging interests.
If you are an importer, we:
- Finance your imports, thus reducing cash-flow pressure
- Offer flexible repayment
- Offer highly competitive rates that come cheaper than overdrafts
- Help you effect timely payments to your suppliers
- Provide a wide choice in currency dealings and payment methods
If you are an exporter, we help you convert your invoices into cash. Allow your cash flow maximum buoyancy.
The dedicated services offered among others are as follows:
- Opening of Letters of Credit.
- Handling of import transactions under letters of Credit Collection and Open A/C basis.
- Handling Export Transactions under Letters of Credit and on Collection basis.
- Imports and Exports bills financing.
- Inward and Outward Remittances other than Imports and Exports.
- Issue of Bank Guarantees.
- Issue of Bank drafts.
- Collections of foreign bank drafts/TC deposited by customers for encashment through our foreign correspondents.