Letters of Credit

Secure Trade. Reduced Risk

Convenient payment

arrangements

Fast, accurate

processing

Competitive

fees

More Benefits

Free consultations

An extensive global correspondent banking network

Application of the latest rules and practices issued by the International Chamber of Commerce (ICC)

Active participation in trade finance programs through the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD)

Frequently Asked Questions

Letters of Credit can be opened for most countries worldwide.

The customer provides the Letters of Credit Department with the required information, such as a pro forma invoice, quotation, or contract with the exporter.
The Bank reviews the submitted documents and completes the Letter of Credit application in accordance with the applicable procedures.
The customer’s credit position is reviewed in accordance with the Bank’s policy.
Once the customer’s application is approved by the General Management, the Letter of Credit is issued and advised to the beneficiary/exporter abroad.

Letters of Credit can be opened in all currencies.

This depends on the country from which the goods are being imported.