Letter of Credit (LC)

Bank Guarantee or Standby Letter of Credit is an irrevocable undertaking of the bank to provide for payment on presentation of a complying demand. Our guarantees have been well accepted locally and internationally by both private and government.

Bill Receivable Discounting (BRD) is designed to finance customer bill receivables in exchange for the amount less than its face value; upon maturity, the customer pays full amount of the invoice.

Letter of Credit is a written undertaking by the issuing bank given to the seller (exporter) at the request of the buyer (importer) to pay at sight or at a determinable future date up to a stated sum of money within a prescribed time limit and against complying stipulated documents.