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Revolving credit facilities

Types of revolving facilities:

 

Via open accounts

 

You may wish to offer your customers higher credit terms or effect payments to suppliers faster.
 

NBG now provides you with the necessary working capital in a variety of forms and under payment terms and conditions tailored to your needs. Your credit line may be arranged in consultation with your NBG Customer Relationship Manager.


Advantages and features

  • Capital repaid at fixed intervals or adjusted to your firm’s transaction cycle
  • Option to re-extend the capital under payment
  • Interest charged semi-annually
  • Floating interest rate, calculated on the base rate for working capital financing (επιθυμητή η σύνδεση με σχετικό link)

 

Against claims

 

Financing against receivables, enabling you to convert to cash assets such as:

  • receivables from credit card-based sales with interest-free instalments
  • customers’ cheques and bills of exchange
  • on credit sales invoices
  • shipping documents

 

Advantages and features

  • Limits adjusted to your firm’s sales volume and liquidity needs
  • Capital repaid at fixed intervals or on maturity of your receivables
  • Interest paid semi-annually
  • Floating interest rate, calculated on the base rate for working capital financing

 

Overdraft facility

 

If you’re looking for a simple way to enhance your liquidity, you can benefit from NBG’s overdraft facility so as to gain direct access to cash via your sight deposit account.

Your credit line can be arranged in consultation with your NBG Loans officer.

 

Advantages and features

  • Simple disbursement procedure
  • Floating interest rate, calculated on the base rate for working capital financing
  • Interest paid semi-annually
  • Chequebook supplied free of charge
  • Ethnocash card
  • The account may be operated via NBG’s Internet Banking service.