Business Banking: Letters of Credit

A Letter of Credit is an undertaking issued by the Bank (issuing Bank) for the account of the buyer to pay the beneficiary, provided that the terms are agreed. It is used to facilitate importation/exportation of goods and services, and also facilitate local trade.

Features

  • Quick turnaround time.
  • Reduced trade risks.
  • Competitive commissions.
  • A dedicated Relationship manager
  • Terms and conditions apply.

Benefits

  • Source of Financing for your business.
  • Quick turnaround time.
  • Reduced trade risks.
  • Competitive commissions.
  • A dedicated Relationship Manager.
Foreign Exchange Rates

Buying

Selling

USD

3645
3715

GBP

4391
4504

EUR

3908
4020

KES

26
32

CHF

3928
4041
with Cairo Bank’s Savings Products
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Trade Finance Solutions

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