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LETTER OF CREDIT


Helping you in choosing the right credit instruments for import and export business
 
Providing innovative solutions to your business needs
 
Letters of credit are the most effective means of securing payment in international trade with independent credit backing and offer buyers and sellers a degree of security from commercial risks.
 
 
Facilities:
   
>> An importer (buyer)’s bank conditionally guarantees payment to the exporter providing documents submitted by the exporter comply with all the conditions specified.
   
>> An exporter (seller) receives the conditional guarantee of payment from another bank opening the letter of credit on behalf of the importer. It may also be possible to receive the additional guarantee of another bank known as “confirmation”
   
   
   
How to apply:
 
Visit the nearest NBY branch to you and our Customer care will be happy to assist you and answer all your inquiries and help you with the process.
 
For more help call : +967 - 2 - 252403
 
 
 

 

 
40 year of trust and experience
 
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