Letters of credit
This is a written undertaking issued by us at your request as an importer/buyer. It is issued in favour of the exporter/seller, agreeing to pay the exporter/seller, for the buyer's (our customer) goods, subject to certain terms and conditions being met.
How to apply
Visit your nearest Stanbic Bank branch with the following documentation:
- Audited financial statements.
- Management accounts
- Cash flow forecast for the term of the facility
- Business Profile
- Completed application form
- Certificate of Incorporation
- Memorandum & Articles of Association
- Tax Clearance Certificate