Letters of Credit help facilitate your domestic and international trade if you’re buying supplies locally or overseas. It helps you buy goods on credit and by specifying proper documents you can ensure quality of the goods, mode of transport, proper packaging, time and place of delivery etc.

Types: Sight and Usance Letters of Credit
Standby Letters of Credit

Tenor: Up to 180 Days

Fee: 1.5% per annum for amount up to BD 50,000
0.75% per annum for amounts exceeding BD 50,000
Minimum BD 15.000. Better rates can be negotiated depending on volume of business and financial strength of the applicant.

Terms & Conditions: Can Vary. Please refer to a detailed list or the Account Relationship Manager.