If you are an exporter to the Arab world, you will know that the letter of credit ("L/C") remains one of the predominant mechanisms for ensuring secured settlement terms. The L/C provides significant advantages to all the parties in an international trade transaction, and BACB is an acknowledged leader in handling these in relation to its markets.
Our flexible service based approach to trade instruments and experience has been gained in over 30 years of activity in the Arab World. We can handle business from a wide range of issuing banks, including some internationally less well known names.
Our experienced multilingual staff (including Arabic and French speakers) can offer advice and guidance in structuring transactions, complying with regulations, and ensuring that your transaction is being conducted prudently in accordance with local requirements. BACB's name and its reputation for excellence in the field mean the instruments it confirms or issues are readily accepted worldwide. We also have representative offices in Algiers and Tripoli, Libya who can assist you locally.
We have a high ratio of Certified Documentary Credits Specialists at BACB, with knowledge and experience that can be harnessed to give you an edge in Arab markets. This qualification is jointly awarded by the Chartered Institute of Bankers, the International Chamber of Commerce (ICC) and IFSA.
Please click on a link above to view more information about the services offered by BACB or if your needs differ give us a call.
Head of Trade Finance and Structured Trade Products
Letters of Credit (Issuance), Bonds and Guarantees
Letters of Credit (Payments), Collections and Post Shipment Financing
Tel: +44 20 7648 7777
Fax: +44 20 7648 7799
BACB Representative Offices
Representative: Lamri Haltalli
Telephone: +213 21 691 961
Fax: +213 21 692 007
Representative: Abdulhadi S. Attoghar
Telephone: +218 21 335 1489
Fax: +218 21 335 1732