Corporate Letters of Credit
Strengthen your trading relationships by offering better credit terms to overseas buyers if you are exporting goods.
BENEFITS
The perfect account for your business!
Reduce your payment risks when exporting to and importing from suppliers and customers.
Cash Flow
Opens up more opportunities for your business
Easy access
Availed for import and for export financing
Flexibility
Select repayment terms that suit your budget
Easy Access
Sight and Usance letters of credit facility not exceeding 180days
Support
Provides comfort to third parties that the borrowers shall fulfill their obligations
Credibility
Demonstrate your financial credibility
FEES & CHARGES
The account fees and charges
Letters of Credit Tariff Guide to Fees & Charges
CIB Tariff Guide
456.9 KB
REQUIREMENTS
Discover the required documents needed
to open the account
Required Documents
- Certified bank account statements for the last 12 months
- Latest annual returns filed with the registrar
- Audited accounts for the last 2 years
- Cash flow projections over the term of the proposed borrowing
- Valuation report
- List of major customers and suppliers
- Approved plan/Bill of quantities(for construction projects)
- Tax compliance certificate
- Current loan statements for facilities elsewhere if any
- Evidence of orders, LPOs, work contracts where applicable
WE CARE
Our dedicated team is committed to meeting
your needs
Online
Chat with our digital assistant or reach out on social media.
On the phone
For support or immediate critical feedback.
In Branch
Our trained team are here to help you get the service you need.