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Trade Finance and Global Payment Services

The scope of services that the Financial Institutions department provides to our clients and FIs entails international banking relations and services that aim to facilitate cross border banking operations in the below fields:

First: Correspondent banking services
Second: Relationship Management

Third: Treasury/ Cash Management solutions like:

  • Opening accounts for banks and financial institutions.
  • Remittance services
  • Collection of banking cheques [Drafts]
  • Issuing banking cheques [Drafts]

Forth: Global Trade Finance Which Include the following:

  • Opening and confirming Letters of Credit [L/Cs]
  • Issuing local and international banking Letters of Guarantee [LGs] and Standby Letters of Credit (SBLCs)
  • Discounting of acceptances and avalized bills of collection
  • Risk participation
  • Financing international trade products