CAB offers the following banking services to large companies.
This is a service that provides, with high flexibility, money needed to meet companies’ obligations and to finance working capital.
Trade bills, resulting from a sell and buy transaction, written by the buyer to the seller’s order who deducts them at the Bank under his own guarantee.
In this case, the one making the deduction (trader or seller) is a client of the Bank. The Bank limits the client to discount the endorsed trade bills resulting from confirmed trade transactions. The limit is renewed yearly.
Interest and commissions are paid in advance at each discount. They are settled in installments per an agreement between the customer and the Bank and according to due dates of the discounted bills.
The Bank participates in financing big enterprises in the public and private sectors through high-value, long-term loans. A group of banks jointly grant loans to companies and establishments with production enterprises, each Bank participating with a specific part of the loan.
For more information, please contact this number: 065007700