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The primary
objective of corporate banking division is to serve the overall
banking needs of small, medium and large local corporation by
providing lines of credits tailored to suit each customer
requirements including working capital finance, project finance,
short, medium and long term finance as well as providing credit
lines for Import Letters of Credit, Letters of Guarantee and Foreign
Exchange deals as shown below:
O/D Facilities
This type of facilities is granted to finance the
working capital components (receivables inventory, short term
obligations …etc) of customers.
Revolving Loans
This type of facility is granted to serve a very specific
purpose, such as financing L/C opened by the Bank and also
financing requirements of the contracts awarded to clients.
Each draw down of the loan has a due date.
Loans
Loans in general are granted to finance different needs of the
clients and the purpose of the loan determines its term (short,
medium and long) such as project financing and asset backed
financing.
Discounted Bills
The purpose of this type of facility is to provide
instant liquidity to the customers by discounting either Commercial
Discounting or Direct Discounting.
Export Financing
This type of facility is provided either pre-
shipment or post- shipment against Incoming Letters of Credit.
Import Financing
This type of facility is provided either in the form
of a Loan or Discounted Bills to settle the value of the documents
pertaining to Letters of Credits issued by the Bank.
Letters of Credit
This type of facility is provided to enhance
International Trade of Importers & Exporters by issuance of Letters
of Credit (sight or deferred payment).
Letters of Guarantee
This type of facility which is defined also as a non
cash facility or contingent liability is provided in the form of
undertaking by the bank to pay a certain amount in case the amount
of the Guarantee partially or totally claimed by the
beneficiary. The guarantees are issued in different types according
to their undertaking such as Bid Bonds, Performance Bonds,
Payment Guarantees, and Maintenance Guarantees …etc.
Foreign Exchange Line
An arrangement is made to sell or buy from the
customers foreign currencies forward to hedge against fluctuations of
foreign currencies . |
