Keystone Bank recently launched an Integrated Import Finance Facility to eligible customers engaged in International Trade Business.
Manufacturers, importers, exporters and who import raw materials, semi-processed or finished goods are to benefit immensely from the robust facilities provided by the bank for this segment of the market. The Facility tenor is 1 year and each transaction cycle shall be for a maximum of 120 days with 30-60 days extension window.
The bank shall be willing to release shipping documents against the payment of atleast 50% of the LC value against executed Trust Receipt for or collateral depending on business class, while balance 50% is paid a maximum of 60 Days after. Payment instrument will be via Letter of Credit, SBLC and Bills for Collection (avalization or refinancing).
The International Trade Division is divided into Correspondence Banking, Global Alliances & Finance and Group Trade are equipped to provide diverse funding alternatives, finance documentary letters of Credit, short-term guarantees and remittance services. Actively engaging our carefully selected partner institutions in the United Kingdom and United States we are able to bring convenience and ease of transaction to our esteemed customers.
Experiential Business Trade Forums are held every quarter with customers and other stakeholders to familiarize industry partners and customers with the dynamic policy requirements within the Nigerian Trade Finance environment.
All this is done within the framework of international best practise.
Our Business Credit Facilities include the following;
Please feel free to visit any of our branches near you or contact us via the Keystone Customer Centre.
Keystone Bank Limited, 1 Keystone Bank Crescent, Victoria Island, Lagos
Tel: +234-1-448-5742 or Email: [email protected]