Trade Facility
Bid Bonds
The product will continue to target the Bank’s customers [Construction/Procurement/Service Contractors] to enable them bid for contractsFeatures
Obligor limit: GHS2,000,000
Tenor: As required under Tender Document but not exceeding 12 months
Facility Fee: 4 % flat on facility amount payable upfront
Import Duty Finance
This is a customer credit program designed to meet the periodic custom duty payment obligations of traders.Features
Flexible credit solutions for import duties
Periodic payment support for traders
Streamlined customs duty financing
Support for international trade operations
Receivable/Invoice Finance
The product offers credit support to customers who supply or work for Bank–approved counterparties against confirmed invoices or payment certificates.Features
Obligor limit: GHS 2 Million
Tenor: 90 days.
Facility Fee: 1 % flat on approved facility amount payable upfront
Processing Fee: 1% flat per discounted invoice payable upfront
Interest Rate: GRR + Minimum of 2%.pa
Requirements
Required Documents
- Certificate of Incorporation
- Memorandum & Articles of Association
- Board Resolution
- Audited Financial Statements
- Import/Export License
- Trade Contracts
- Invoices & Shipping Documents
- Insurance Certificates
Our Process
Open Bank Accounts
Download and Complete Forms
Your details, contact information, and any supporting information requested
Submit Completed Form
Ensure the form has been accurately completed and all required information and signatures are provided
Choose your Preferred Branch
Select the branch location most convenient to you
Visit your Branch for verification
Proceed to the First Atlantic Bank branch you selected with your valid ID for biometric verification
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