Ahlibank can extend export finance to exporters to enable them to procure raw materials, process the goods, and defray other expenses before shipment, based on the accepted purchase order/letter of credit.
Ahlibank can extend finance by discounting or negotiating the shipping documents (title documents) which are either drawn under letter of credit or non letter of credit.
Financing is extended either under the customers’ line of credit or the issuing bank’s line of credit, subject to documentation and approval.
Open account finance
Ahlibank can extend finance to settle import bills against the trust receipt/promissory note or to make payments to the importer as per the terms of the contract.
Ahlibank can extend finance against sales invoices (domestic and overseas) by discounting the invoices at an agreed rate of interest. Loans are settled on receipt of the proceeds from the buyer.