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Working Capital Facilities

Overdraft

Overdraft is a standby facility which you can easily access to cover temporary cash flow needs, meet working capital requirements (purchase inventory, finance receivables etc) and meet day-to-day expenses.

  • Overdraft Amounts
    You can establish an overdraft facility from BD 10,000 and draw on the limit up to the maximum

  • Rates
    Variable Interest Rate based on BBK Base Rate. You need pay interest only on the funds drawn by you and for the period of withdrawal.

  • Repayment
    Overdraft is repayable on demand, but can be continued indefinitely subject to annual review.

  • Terms & Conditions
    Please refer to a detailed list of terms and conditions.

 

Cheque & Bill Discounting

 Export Bill Discounts

Export Bill Discounting finances receivables when exports are made under Letters of Credit.

  • Amounts
    Can vary depending on the Bill Amount.

  • Rates
    Variable Interest Rates based on BBK Base Rate.

  • Tenor
    Maximum 180 days.

  • Terms & Conditions
    Please refer to a detailed list or the Relationship Manager.


 Cheque Discounting

Cheque Discounting is a form of receivable financing. BBK can discount cheques drawn by acceptable drawers and provide funds up front.

  • Amounts
    From BD 10,000.

  • Rates
    Variable Interest Rates based on BBK Base Rate.

  • Tenor
    Maximum 24 Months.

  • Terms & Conditions
    Please refer to a detailed list or the Relationship Manager.

 

Certified Cheques

Our certified cheques are personal or corporate cheques drawn on your account and which at your request is certified to be good for payment.

  • Amounts
    From BD 100

  • Rates
    0.125% of the certified amount (minimum BD 5/-)

  • Tenor
    Maximum 6 Months

  • Terms & Conditions
    Can Vary. Please refer to a detailed list.

 

 

Short Term Loans                                                                                    

We offer short-term loans of maturities of up to 12 months. These loans are intended to finance your short-term working capital requirements. Short-term loans are available in all major currencies (normally Bahraini Dinars, US Dollars, Pound Sterling, Euro and Japanese Yen)

  • Amounts
    depending on customer needs.

  • Rates
    Variable Interest Rates based on BBK Base or other Indexes depending on the currency of loan

  • Repayment
    Monthly, Quarterly, Semi Annually or in one annual payment

  • Terms & Conditions
    Please refer to a detailed list.

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