Welcome to Pashtany Bank, we have more than 70 years of experience

Mohammad Jan Khan Watt
Kabul-Afghanistan

+93( 0)202103863
info@pashtanybank.com.af

Dari | Pashto
Sat - Thr 8:00 AM - 4:00 PM
Friday

LETTER OF CREDIT

Letter-of-Credit

CORPORATE BANKING >> LETTER OF CREDIT

A letter of credit is a written instrument, issued at the request of a buyer (applicant) in favor of the seller (beneficiary) undertaking, to honor the documents or drafts drawn by the seller in accordance with the terms and conditions stipulated in the credit, within a specified time. Letter of Credit one of the Strong facility available under Trade Finance, especially for Importers. This facilitates the Importer to negotiate the deal with better terms and conditions and enables him to conduct the business without locking his own funds. To help the Importers, Maiwand offers the Foreign as well as Inland Letter of Credit. However, only Sight LCs will be opened & no Usance LCs will be issued.

LETTER OF CREDIT ARE ISSUED ON FULFILLING THE FOLLOWING CRITERIA :

1. Prescribed Application along with Confirmed Contract / Performa Invoice.
2. Statutory License from competent authority (AISA / MOC / MOI / Customs Dept) etc. Audited Financials/ Business Plans.
3. Upfront & 100% Cash Margin. However, lower cash margins can be considered subject to provision of suitable collateral security and its assessment will be done on case to case basis.
4. Upfront Commission @ 0.30% of LC amount for 1st quarter and @ 0.25% of LC amount for subsequent quarters subject to a minimum commission of $ 300.
5. Cash Margin / Collateral Security held with the Bank will be returned to the customer only on completion of the transaction under LC.

Locker Account

Pashtany Bank Facilitate this service for individuals and institutions to save their valuable things, Documents in order to minimize risk of robbery, lost.

Fixed Deposit Account

Earn competitively higher interest on your savings with flexibility, security and excellent returns with Pashtany Bank Fixed Deposit Account.

Current Account

Pashtany bank  Current Account is specially designed to take care of all your financial necessities and Provide you  facilities & flexibility that is required for both your domestic and international business requirements.

Saving Accounts Pashtany Bank has the right savings account for everyone. Save your earnings with Pashtany Bank and have access to your funds any time. Your bank account is always at your fingertips with Mobile Banking & Net Banking. With our ATM Facilities across Afghanistan accessing cash will always be easier.