LC Refinance and Import Loans facilitate trade by providing finance to purchase raw materials and other supplies. The bank pays the supplier on the due date and the importer repays the bank at an agreed later date. This date can be fixed in such a way as to suit the future cash flows of the importer. The facility is available in all major currencies (normally Bahraini Dinars, US Dollars, Pound Sterling Euro and Japanese Yen)
Amounts : From BD 10,000 or equivalent
Rates: Variable Interest Rates based on BBK Base Rate or Other Indexes
Tenor: Maximum 180 days including any supplier credit
Repayment: Monthly, Quarterly or in bullet at maturity
Terms & Conditions: Can Vary. Please refer to a detailed list or the Account Relationship Manager.