VIB offers service of bill discount for exporters
Accordingly, after delivery of goods, exporters bring a bill of exchange and a full set of export documents to VIB where they will have up to 100 per cent value of their bill discounted.
The service does not require exporters to have any guaranteed assets rather than a bill of exchange and a set of documents. Exporters will enjoy a competitive discount rate (which is maximum 20 per cent lower than normal lending interest rate).
VIB also applies the form of discount without recourse. In addition, the bank offers a discount term of up to six months and other benefits for exporters. Especially, when banking with VIB, exporters will work with and be advised by our highly experienced international payment team.
With various benefits and convenienes under the bill discount service, VIB expects to provide exporters with a preeminent solution to meet their needs of finance for exporting goods to other countries.
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