Listen to this articleTransaction Banking (TB):
Our Transaction Banking (TB) team supports corporates by offering trade finance and cash management solutions. These services are essential for managing liquidity, ensuring smooth business operations and minimizing financial risks.
TB supports businesses through the following offerings:
Trade Finance Solutions:
TB provides essential tools for managing risks in international trade, such as letters of credit (LCs), standby letters of credit (SBLCs), guarantees, and discounting of trade instruments allowing companies to confidently engage in cross-border transactions
Cash Management Services:
We offer cash management solutions that help businesses to optimize their cash flows, manage liquidity efficiently and ensure timely payments both locally and globally.
Key Transaction Banking products and online channels:
Corporate Online Banking: offers a convenient platform where corporates can manage payments, make governmental payments in no time through integrated E-finance services, view balances, access facility details, issue checks, open sub-accounts, and initiate Letters of Credit (LCs) or Letters of Guarantee (LGs), among other vital functionalities .
Corporate Payment Services (CPS): Allows companies to make electronic government payments 24/7, providing a flexible and efficient way to manage governmental transactions.
Escrow Accounts: Secure, reliable fund handling for transactions involving several parties , giving peace of mind to all parties involved.
Cash Pick-up Services: Efficient cash handling and collection for businesses that deal with high cash volumes, ensuring security and convenience.
Direct Collection for Exporters: A simplified process for collecting export proceeds, enhancing speed and reliability in international transactions.
