Our Documentary Credits department offers a fast
and efficient service in confirming letters of credit,
bank collections and other financial instruments.
which applies to instruments issued by anb, as well
as other banks in the GCC region. We provide highly
focused, customer-oriented solutions, which deliver
the optimum payment method for our customers - both
importers and exporters.
In-depth knowledge of the Saudi market place, in
both banking and commercial terms, gives us a distinct
competitive edge in product pricing and structuring
of the transaction. Regular contact with European
and Saudi corporates means we have up-to-date market
intelligence at our fingertips.
A key element in our service is a dedicated point
of contact within the Branch, supported by in-depth
back up. This allows us to build long-term relationships
and afford an invaluable insight into our customers'
needs. As a measure of our commitment to customers,
we offer a 24-hour turnaround period for processing
We have also developed our unique trade finance products which provide a guarantee of payment, structured around simple administrative procedures. Our experience in the London market has given us the expertise to develop products that can provide an alternative to Letters of Credit.
For those who wish to trade on an open account
basis, or importers that desire to increase the
usance term of their order, we provide a procedure
which enables arab national bank to issue a guarantee
in favour of the supplier in respect of shipments
that have been effected.
- Simple administrative procedures that can be
customised to suit your particular situation.
- Potentially longer credit terms.
- A bank guarantee that covers up to 100% of the
- A single fee charged to cover the guarantee
and the ancillary administration.
- Discounting of acceptances through the bank,
at competitive terms.
If you have an interest in this product, please contact
Financing against Credit Insurance
We can help you to find the appropriate credit
insurance policy and cover that would then enable
us to structure a facility to suit your financing
requirements. Once in place, the procedure would
normally allow the bank to advance funds at an agreed
discount on the invoiced value, against the buyer's
prompt acceptance of the documents.
Other Structured Trade Financing
We are able to engineer tailor-made financing solutions
that suit your specific requirements and have the
necessary flexibility attuned to particular transactions