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Broad range: from conventional to specialized programs

Byblos Bank offers tailored financing packages to suit individual corporate needs. Our products range from the conventional type: overdraft, bridging facility, revolving loan, term loan, subsidized loan, discount of bills, import financing, export financing, documentary and stand-by letters of credit, letters of guarantee and acceptances; to the specialized programs backed by either governmental or international entities which allow us to offer attractive financing schemes. Byblos Bank currently represents three international institutions and provides the following:
- The Arab Trade Financing Program (ATFP) with the Arab Monetary Fund.
- Import and Export financing shemes with the Islamic Development Bank (IDB).

What are these programs?
A. ATFP
is a specialized financial institution, established by the Board of Governors of the Arab Monetary Fund (AMF). The objective is to develop and promote trade among Arab countries and enhance the competitive ability of Arab exporters. It is providing refinancing in the form of lines of credit to Arab exporters and importers through National Agencies. A line of credit under this program is a special type of loan used to provide financing to Arab buyers of goods of Arab origin and it can be established for a single or multiple transactions.

The tenor can reach up to : 12 months for consumer goods, up to 18 months for raw materials, up to 24 months for intermediate goods and up to 60 months for capital goods.

Financing is provided in US$ for up to 85 percent of the value of the goods. A commercial transaction financed under a Line of Credit must meet the following basic requirements:
- The sale must involve the export of Arab goods and associated services.
- Exports must have a minimum Arab content or added value of at least 40 percent.
- Goods line crude oil, used goods and re-exported goods are not eligible for refinancing.

Byblos Bank acts as a National Agency for this program.

B. ISLAMIC DEVELOPMENT BANK
This product is addressed to businessmen from the Organization Islamic Community (OIC) member countries to promote trade links and exchange of benefits among all Islamic countries. A commercial transaction financed under this program must meet the following basic requirements:
- Financing shall be in accordance with the principles of the Shariah
- Export must have a minimum content or added value of at least 40 percent from the country of origin.
-At least one of the financing parties shall be from an OIC member country. The percentage of financing can reach 100% for operations not exceeding Islamic Dinars 3 Mio for a period ranging from 9 to 24 months for intermediary goods, and up to 30 months for capital goods.

Byblos Bank acts as an Agent for IDB under this program.