Letters of Credit 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
- Rates: Variable Interest Rates based on BBK - Kuwait Base Rate or Other Indexes
- Tenor: Maximum 180 days including any supplier credit
- Repayment: Monthly, Quarterly or at maturity
- Terms & Conditions: Can Vary.