Enterprise Customers
Standby L/C issuance
(Updated at 17:12, 15/7/2010)
“Standby L/C issuance” is a service offered by Agribank whereby Agribank, by reputation, commits to the beneficiary of the Standby L/C to pay on behalf of Agribank’s customer in case the customer cannot make payment or fulfill payment obligations when due. This service applies to business customers operating in import international business.



-          Agribank has established correspondent banking relationship with over 1,000 banks worldwide and can gives advice to customers on foreign markets and customers. Customers will get the reliability of partners when guaranteed by a reputable bank.

-          Customers are advised of the best suitable Standby L/C


How to apply


-          Application for issuance of standby letters of credit (in Agribank’s form)

-          Sales contract or papers of equivalent value of a contract

-          Import License of the regulatory body as for conditional imported goods import

-          Marginal deposit of 100% or less depending on capabilities and reputation of the customer

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ATM/POS locations

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Applied at Operations Centre of Agribank

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Applied at Agribank Operations Centre

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