The corporate banking division has been the driving force in our successful journey of meeting our customer’s expectations.
The professionalism and passion for our customers as the values of our corporate team have been the strong motivations for our team to provide the best services not only to our customer base but to the whole society.
The excellent relationship management powered with the customized innovative products has become an engine to the business growth of our corporate customers.
We positioned ourselves not only the financial service provider but as the best financial advisor through the leadership, expertise and robust experience of our corporate team.
Our well designed products have become the right business solution and foundations of the success of our customers in Telecommunication Industry, Oil and Gas, Manufacturing, Financial institutions, Food and Beverages etc.
Our structured corporate loans to meet the financial needs of our customers are the following:
What is Letter of Credit?
The letter of credit is also known as documentary credit, commonly called “documentary credit”, and is sometimes referred to as “L/C” stands for letter of credit.
A letter of credit is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank.The letter of credit can also be used to ensure that all the agreed upon standards and quality of goods are met by the supplier, provided that these requirements are reflected in the documents described in the letter of credit. In return for these documents, the beneficiary receives payment from the financial institution that issued the letter of credit.
Our business support to our customers regarding their tender or contract bidding process is highlighted through the issue of the bid guarantee providing the necessary security to the contract sponsor about the full commitment of our customer to enter into awarded contract.
The satisfactory completion of the awarded project by our customer as the project contractor is backed by the performance guarantee as the security given to the contract sponsor about the successful performance of the awarded project.
The bank strongly assists its customers in starting the execution of the awarded contract by to them through the issue of the advance payment guarantee securing the funds advanced to them by the contract sponsor for financing the first project milestones needs.
For the acceleration of customs clearance for our customers regarding their importation, we are ready to issue to customs authority at their request the custom guarantee or bond to guarantee the fulfillment of our customer’s obligation of paying customs duties.