OVERDRAFTS
A core product used by majority of our customers to finance working capital (inputs, stocks, salaries and other running costs). It is a self-liquidating facility as repayment is expected to be made from cash generated directly from the conversion of the assets financed (i.e. Cash sales and debtors).

TERM LOAN
A core product used mainly to finance capital expenditure. It may be short term (up to 18 months), medium term (up to 3 years) and long term (above 3 years). Term loans are to be supported by the borrowers future cash flow generation capability and are repayable in fixed instalments.

WORKING CAPITAL LOANS
A facility that is used to finance a one-off working capital item and payable over short period and on structured repayment basis or bullet payment.

BONDS AND GUARANTEES
These are off-balance sheet facilities extended to our customers to enable them secure contracts or enjoy services in the normal course of their business.

Depending on the type, a guarantee or bond may crystallize into cash payment if the contract is not satisfactorily executed and when such situations arise, payment is on demand.

LOCAL PURCHASE ORDER (LPO) FINANCING
This is similar to a warehousing facility except that the underlying goods may not be warehoused to facilitate the exercise of dual control. Consequently, such a facility may attract other forms of collateral security instead of the relative goods.

CHEQUE DISCOUNTING
A facility in which the Bank discounts post-dated cheques issued by reputable institutions in favour of a customer.

INSTANT LOANS & OVERDRAFTS AGAINST BLOCKED CASH/T BILLS
A quick facility for customers with cash or treasury bill holdings to meet pressing demands.

IMPORT CLEARING FACILITY
A facility to help customers to pay for import duties and related charges to clear goods for business activity.