Keep your business winning with our trade finance solutions.
Welcome and thank you for choosing Co-op Bank.
With our wealth of knowledge in Trade Finance, an experienced team and an unparalleled drive to see you succeed, we offer you the best solutions to ensure your business keeps winning! Call us today on 0703 027000 or email Tradeinfo@co-opbank.co.ke
Have a look at some of our Trade Finance solutions:
These are issued by us to the Government or private organizations assuring them that if they award you the tender, you have the capacity to supply the goods or services.
Performance Bonds are issued by us to your client assuring them that you will perform the works as per the conditions of the contract.
We assure your client that if they pay you in advance to get the project started, you will honor the contract and not misuse the advanced funds.
We give an assurance to your supplier to supply goods to you on credit and that you will definitely pay as per the agreement.
If you are importing goods, we will give a Letter of Credit assuring them that once they deliver as per the agreed terms, the bank will pay them in full.
This eliminates the risk of you paying for goods in advance and getting substandard or damaged goods.
What’s more, you have the advantage of having the terms of the letter written according to your needs in terms of shipping period, inspections required on the goods, and even the manner in which the goods should be packed.
With Co-op Bank’s Invoice Discounting, you can turn pending invoices into cash as you wait for clients to pay, thus enabling you to improve your business’ working capital and cash flow.
STCF is simply about financing you to purchase goods in bulk, locally or overseas, including oil and petroleum products, agricultural commodities, medical and health care products, energy products, light machinery, vehicles and machinery spare parts, among others.
Bulk purchase of goods enables you to negotiate higher discounts, therefore making higher profit margins. We can finance up to 90% of the transaction, and no additional security is required – the goods alone secure the loan. Better still, you do not have to worry about paying back the loan – the loan is paid back over time as you sell the goods.
We finance your LPOs or LSOs from reputable organizations to enable you to execute your customers’ orders when you do not have the required funds.