COGEBANQUE offers different facilities for satisfying the customers’ financial needs in terms of SME and retail banking. The major types of loans we offer include:
It is a short term facility for treasury purpose that is obtained upon presentation of invoice and contract domiciled in COGEBANQUE.
It is a short term facility (for a period of 1 to 12 months maximum) which is granted to customers with treasury needs while waiting to sell their stock or waiting payment. This facilities also applies for financing working capital.
It is a short term loan from 1 to 12 months maximum which is granted to customers who have major procurement contract.
It is a medium and long term facility for acquisition, renovation or construction of residential houses, commercial buildings, healthcare facilities, schools, etc.
The customer must provide the following documents:
It is a short term and medium facility for acquisition of equipment, machinery, cars, etc.
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.