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Farooq

Business Loans

HomeBusinessBusiness Loans

Bunna International Bank S.C. has been established as a commercial bank and expected to comply with all the directives and guidelines issued by the regulatory authority, i.e. the National Bank of Ethiopia (NBE).

Accordingly, BIB is expected to cater banking products and service only for legitimate commercial and personal activities.

The following credit facilities shall be given priority only for startup period.

  • Advances

  • Regular overdraft facility

  • Temporary overdraft facility

  • Overdrawals on

  • Regular O/D

  • Advance on import bills

  • Merchandise loan

  • Term loans

  • Guarantees and letter of credit facilities

Acceptable collaterals

  • Building

  • Motor Vehicles (trucks and trailers, tankers, buses, dump-trucks, automobiles)

  • Machinery and equipments

  • Trade Receivables

  • Cash and Cash Substitutes

  • Negotiable Instruments (Treasury Bills and Government Bonds)

  • Share Certificates

  • Guarantees (Bank Guarantee and Personal Guarantee Merchandise)

  • Interest Rates