Letter of Credit (Sight & Usance)
- In order to facilitate customers, Bank offers Trade Finance facilities including LCs, Contracts, Open Accounts, Advance payments.
Letter of Guarantee
- In order to facilitate Customers, Bank offers Shariah-Compliant Guarantee facility to its customers where the Bank provides different types of guarantees on behalf of the customer including bid bonds, performance bonds, and advance payment guarantees etc
Step-Wise Process/Procedure of Financing
- Customer approaches the Branch and requests for credit facility.
- Upon completion of required documentation by the customer; the branch will complete the formalities.
- Upon approval of credit request; Branch coordinates with the customer for signing and acceptance of the required documentation in line with SBP PR's, Bank's internal policies, and credit approvals
A Small Enterprise (SE) is a business entity which meets the following parameters:
| Number of Employees | Upto 50 (including contractual employees) |
| Annual Sales Turnover | Upto Rs.150 million |
Medium Enterprise (ME) is a business entity, ideally not a public limited company which meets both the following parameters:
| Number of Employees | Upto 51- 250 (for Manufacturing & Services Sector) Upto 51-100 (for Trading Sector) |
| Annual Sales Turnover | Above Rs.150 million upto Rs.800 million |
Based on the following SBP’s PRs and business need of the customers.
| For ME – Maximum financing allowed | Upto Rs.200 million (total from all banks). |
Profit is charged by applying the applicable benchmark (KIBOR, LIBOR & IERF) in addition to bank’s spread.
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