Consolidated Bank

Trade Finance

Consolidated Bank has an active treasury and international business centre that supports it's customer’s international business.

Importers can get:
Import letters of credit
Standby letters of credit
Import documentary collections
Clean collections

Exporters can get:
Export letters of credit
Export documentary collections
Pre shipment finance
Post shipment finance

Other trade products are:
Guarantees and bid bonds
Bills discounting

Solid LOOP

This unique product is targeted at bank customers who may wish to borrow a temporary facility to finance orders, procured from the government, parastatals, reputable firms (blue chip companies) and institutions.

This facility is open to both our customers and non-customers.

Product Features
Flexible terms.
Finance of up to 80% of cost of items to be supplied
Financing of up to Kshs. 3 million
Interest rate offered is Base plus 5%
No minimum amount to be borrowed
Maximum repayment period of 3 months on each borrowing.
Processing within 48 hours

Conditions:

• A duly completed application form
• Applicant to have maintained an account with the bank in the immediate last 6 months prior to the application.
• LPO from the government, a reputable (blue chip) company or parastatal organization.
• Customer to contribute 20-40% of cost of items to be supplied.
• Proforma invoice of items of purchase or quotation issued by dealers or suppliers of items to be supplied.
• Commitment letter from purchaser undertaking to make payment directly to the bank.
• Personal guarantee(s) of the proprietor, partners, shareholders or directors.
• Negotiation fee of 3%
• Where possible/practical, payment cheques to be issued directly to the dealers of goods to be supplied.