Services

The bank grants loans, monitor its uses and get repaid in its own name but in response to a written order from the trustor/beneficiary (government agency, enterprise, public institution, or personal client), on which the trustor specifies details of the loan such as its target clients, purpose, amount, term and interest, exclusively for the account of the beneficiary and at the risk of the trustor.

Based on the identity of the trustor, fiduciary loans can be classified into government fiduciary loans, international financial institutions fiduciary loans, policy banks fiduciary loans, enterprises and institutions fiduciary loans and personal fiduciary loans.

Features

•  The bank acts as a fiduciary/trustee and does not assume any risk incurred.

•  Commission is charged for this service with lower rates for larger amount.

Handling

Written application which gives the purpose, conditions and requirements, scope of target clients, amount, term, interest rates of the fiduciary loan is required.