Export Finance

Export is the main driving force of our national economy. Like the national economy, Bank Asia Limited deeply recognizes the contribution of its export oriented customers towards the steady and sustainable growth of the Bank over the years. About 20% of the present credit portfolio of the Bank is concentrated on Export oriented customers in the area of RMG, Textiles (Spinning & Weaving), Dyeing/Washing, Jute, Leather and all other direct and indirect exporters. We have a dedicated Export Finance Department at our Corporate Office to ensure prompt and specialized services to the 100% export oriented customers of Bank Asia Limited. All export oriented customers of the bank irrespective of their nature of business and amount of credit exposure are privileged as corporate customers of the Bank and come under the umbrella of Export Finance. Our specialized Export Finance team is capable to make proper need assessment and to provide one stop solution to the specific business requirement of the customers. A wide range of products are available to meet the requirement of the export oriented customers some of which are highlighted below:

Pre-shipment Finance

Facilities	Usual Tenor	Purpose
Back to Back (BTB) L/C	Maximum 180 days	Import / procurement of raw materials
Packing Credit	90 to 120 days	To meet pre-shipment fund requirement
Demand Loan	Maximum 180 days	To meet overhead expenses and to procure raw materials
Import Letter of Credit (Sight / DP) other than BTB L/C	Sight / DP (Maximum 180 days)	Import / procurement of raw materials
Export Development Fund (EDF) Loan	As per Bangladesh Bank Guidelines	Import / procurement of raw materials
UPAS L/C	Maximum 180 days	Import / procurement of raw materials
Loan against Trust Receipt (LTR)	Maximum 180 days	For retirement of documents against Sight L/C
Overdraft (OD)	One year	To meet overhead expenses and to procure raw materials
Time Loan	One year	Procurement of raw materials and financing receivables

Post Shipment Finance

Facilities	Usual Tenor	Purpose
Foreign Documentary Bill Purchase (FDBP)	Matching with the tenor of Bill	To meet post export fund requirement
Local Documentary Bill Purchase (LDBP)	Matching with the tenor of Bill	To meet post export fund requirement
Export Bill Discounting through in FC	Matching with the tenor of Bill	To meet post export fund requirement
Loan against Cash Incentive	Maximum 180 days	For making advance payment against cash incentive claim

Project Loan

Facilities	Usual Tenor	Purpose
Letter of Credit (Sight / DP / UPAS)	Maximum 360 days	To import / procure machineries / Equipment for the project.
Term Loan	Maximum 7 years	For construction of building, Import / procurement of machinery / Equipment and other assets
Lease Finance	Maximum 5 years	For financing against machinery / Equipment / Vehicles etc.
Bank Guarantee	Maximum 5 years / Open ended	For providing guarantee against govt. Semi Govt. and other organization

Other financing arrangement with Bangladesh Bank

Financing export oriented Textiles and Leather Manufacturing Industries under Green Transformation Fund (GTF) of Bangladesh Bank.
Two step loan for Urban Building Safety Project (under JICA/Bangladesh Bank Refinancing Scheme). Purpose of this loan is retrofitting, relocation, reconstruction and Fire Safety compliance.
Financing for green initiatives under refinance scheme of Green Finance.
Financing LTFF (Long Term Financing Facilities) under FSSP(Financial Sector Support Project) of Bangladesh Bank