| These facilities are mainly
provided to the following customer categories: |
| |
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Institutions in need of working
capital to finance their activity.
-
Arab and foreign contractors
to help them meet the requirements of the projects they
are undertaking in the Arab countries.
-
Customers from public and
private sectors in order to finance new projects or
develop on-going ones in different economic sectors.
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Financing includes:
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Opening, advising,
confirming and refinancing of letters of credit.
-
Discounting trade related
commercial papers either directly or through participation
with other banks.
-
Issuance of guarantees including
shipping guarantees.
-
Financing of private and public
sector exports.
-
Pre-export financing.
-
Purchase of forfaiting papers
on fixed or floating interest rate basis.
|
 |
In view of the ever-growing role of inter-Arab trade in the
Arab economy integration, TAIC took the initiative to join the Arab Trade
Financing Program (ATFP) sponsored by the Arab Monetary Fund. Bahrain
Branch is now recognized by the ATFP as a National Agency.
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