- Enjoy interest/profit payable on the amount used and the flexibility of a standby source of funds whenever required.
- You'll be tied against contracts secured from government bodies and reputable companies
- The contracts must be accepted by the Bank for financing
- Payment is to be channelled directly to the Bank
- Higher margin of financing
- Facilities are not on a revolving basis
- Short-term financing
- Interest/Profit rate is pegged against BLR/BFR
Project & Contract financing
Project & Contract financing
A multi facility solution for project and contract financing
Types of Facilities
- Overdraft against Supplier Invoices/Cash Line-i against Supplier Invoices
- Overdraft against Contract/Cash Line-i against Contract
- Overdraft against Claims/Cash Line-i against Claims
- Blanket Facilities Including Trade Lines/-i
- Performance Guarantee/-i
- Advance Payment Guarantee/-i
- Tender Guarantee/-i
Requirements
- A certified photocopy of Memorandum & Article of Association, Business Registration, Form D, Form 9, Form 24 & 49.
- Company and Holding Company profile, Profile of Directors/Main Shareholders and photocopy of each Director’s Identity Card.
- Please include the latest 3 years of Audited Financial Accounts/Statements for Company and Holding Company, a certified true copy of the latest management accounts, latest 6 months of Bank Statements from other banks, and a photocopy of the latest cash flow projection for the project/contract to be financed. And don’t forget the Letter of Award/Contract Agreement.
- Terms and conditions apply. All applications are subject to the Bank’s credit assessment.
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