The Corporate Banking Division offers tailor-made services for corporate clients ranging from Working Capital facilities to Long- term loans:

Working Capital Finance

Working capital finance is a short term line of credit, generally used for specified periods of time, usually not exceeding one year, to finance inventory, accounts receivable & other short term needs. Such a facility is tailored to meet each customer's specific needs including seasonal requirements. Working capital lines of credit generally including overdraft facilities, discounting of promissory notes to finance the trading cycle, foreign exchange lines as well as lines of credit for the issue of import letters of credit and letters of guarantee.

Medium & Long Term Finance

Medium and long term financing is available to businesses which need to finance expansion, acquire fixed assets, invest in financial instruments and real estate. Repayment terms are carefully established, taking into consideration each customer's specific cash flow requirements. Such financing can be arranged through:

• Direct medium or long term loans
• Arranging syndicated loans

Documentation needed:

Each company must provide the bank with the following basic documents:

• Request for Registration
• Commercial Registration
• Photocopy of identity Card
• 3 years Current Annual Financial Statements
• List of Properties/Copies of Title Deeds
• Centrale Des Risques
• Insurance Policy (if needed)
• Commercial Circular Legalized
• Real Estate Mortgage Certificate (if needed)
• Mortgage Contract (if needed)
• Power of Attorney to mortgage (if needed)
• Power of Attorney to Sell (if needed)
• Pledge contract (if needed)
• Agreement for advance in Current account (for O/D)
• Undertaking Covering L/G (for L/G)
• Undertaking Covering L/C (for L/C)
• Company By laws
• Latest minutes of partners meeting (if needed)
• Amendments, if any
• Loan contract (if needed)
• Act of Guarantee