Credit Facilities

Overdraft facilities

This is a service that provides, with high flexibility, money needed to meet companies' obligations and to finance working capital.

Loans

The bank provides the following kinds of loans to big companies in the public and private sectors:

  1. Short-term revolving loans to finance working capital.
  2. At-notice long term (1- 7 years) loans to finance various work requirements.

Discounted Bills

Trade bills, resulting from a sell and buy transaction, written by the buyer to the order of the seller who deducts them at the bank under his own guarantee. In this case, the one making the deduction (trader of seller) is a customer of the bank. The bank sets a ceiling for the customer to discount the endorsed trade bills resulting from true trade transactions. The ceiling is renewed yearly. Interest and commissions are paid in advance at each discount, and are settled in installments per agreement between the customer and the bank and according to due dates of the discounted bills.

Loans for financing enterprises

Loans granted for financing long term production enterprises. Repayment of these loans is dependent on income from the enterprises itself. The amount of finance and the repayment schedule is based on the economic feasibility study prepared by the borrower.

Bank consortium loans

CAB participates in financing big enterprises in the public and private sectors through high value, long term loans. A group of banks jointly grants a loan to companies and establishments that have production enterprises, each bank participating with a specific part of the loan.