Export Credit Facilities

This facility provides soft loans for the purpose of meeting the financial needs of exporters during the collection period. The amount and period of the loan covers the entire value of the export contract, on the condition that it does not exceed 20% of the paid-up capital and reserves of the Bank. The facility offered should be compatible with the tenure of the L/C, or the Promissory Note, or the Contract between the exporter and the importer, whether the exporter was the actual manufacturer or an agent. This credit facility is designed to help expand the export of locally-produced industrial goods, raise demand for local goods in foreign markets, enhance the expertise of local exporters in the methods and practices of foreign trade and improve the balance of trade of the country.