These products & services cover the different liquidity needs of the clients through:
Documents required from clients applying for credit facilities:
- Overdraft facilities.
- Term Loans
- Commercial discounted bills
- Letters of credit (import and export LCs).
- Documentary collections.
- Letters of guarantee such as: bid bonds, performance bonds, advance payment guarantees, financial guarantees, standby letters of credit.
- Clear copies of client(s) identification papers.
- Copy of Company’s Certificate of Registration in the Commercial Register “ اذاعة تجارية ”.
- Copy of the company’s Commercial Register “ شهادة تسجيل ”.
- Copy of the company’s by-laws (If applicable).
- Client’s personal net worth (properties, cash assets, investments, stocks, and other valuables).
- Audited (If available) or in-house financial statements and statement of account for the previous 3- years.
- Statement of accounts from other banking institutions (If available).
The Bank reserves itself the right to request any guarantees on a case-by-case basis.