Corporate Letters of Credit

Strengthen your trading relationships by offering better credit terms to overseas buyers if you are exporting goods.

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At a glance

FINANCIAL COMMITMENT

Clear financial commitment

CREDIBILITY

Demonstrate your financial credibility

APPLICATION

Easy application process

Why choose our Corporate Letters of Credit

Mayfair CIB Bank can assist your business with reducing payment risks when exporting to and importing from suppliers and customers in international markets.

Renewable

Sight and Usance letters of credit facility not exceeding 180days

Cash flow

Ease trade cash flow constraints

Flexibility

Quick turnaround time to provide payment comfort to suppliers

Easy access

Availed for import and for export financing

Support

Provides comfort to third parties that the borrowers shall fulfill their obligations

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Check your eligibility

You must have;

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

If you are a new CIB Kenya Bank Customer

Leave your details with us and a Relationship Manager will contact you at your convenience.

If you're an existing customer

Leave your details with us and a Relationship Manager will contact you at your convenience.

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To enable your day to day banking, login to our CIB Kenya Limited online banking platform.

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Ann Muthoni Karanu

Ann has over 20 years of cumulative work experience in Human Resource Management spanning across various industries, 15 of which have been in the banking sector. She joined Mayfair CIB Bank in 2015 as part of the start-up team, and to set up the Human Resources function.

Prior to that, she worked with United Bank for Africa (UBA Kenya) where she was the Country Head-Resources, a position she held for close to seven years. Prior to joining UBA, she was the Head of Human Resources Development at Chase Bank Ltd, a position she held for 4 ½ years. She also worked at Haco Tiger Brands as an Assistant Human Resources Manager and at the Teachers Service Commission Secretariat (Head Office) where she was a Senior Human Resources Officer in charge of the Eastern County.

She holds a Master’s Degree in Business Administration from the United States International University (USIU-Africa) and a Bachelor of Commerce Degree in Management from the Catholic University of Eastern Africa. She also holds a Post-Graduate Diploma in Human Resources Management from the College of Human Resources and is a full member of the Institute of Human Resources Management. Ann is currently pursuing her Certified HR Professional (CHRP) qualifications and is a level 3 finalist. She is also pursuing a Doctorate/PHD in Strategy at USIU-Africa.

Corporate Letters of Credit

At a glance

FINANCIAL COMMITMENT

CREDIBILITY

APPLICATION

Why choose our Corporate Letters of Credit

Renewable

Cash flow

Flexibility

Easy access

Support

Apply now

Check your eligibility

If you are a new CIB Kenya Bank Customer

If you're an existing customer

Handy Links

Forex Rates

Online Banking

Our Branches

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Joram Kiarie

Ann Muthoni Karanu