British Arab Commercial Bank Public Limited Company

Description

British Arab Commercial Bank plc provides various banking services in the areas of treasury markets, commercial and correspondent banking, and medium-term lending. The company's Trade Finance segment provides secured payment and other guarantee type facilities, such as letters of credit, bonds and guarantees, value added services for exporters, pre-shipment facilities, accelerated payments, and seamless currency conversion. Its Banking Services segment acts as a banking correspondent for its customers provide banking services, including current accounts, international payments, payroll, deposits, and BACB-e Internet banking service to corporate clients and correspondent banks. The companys Commercial Term Lending segment offers various lending services, such as cross-border leasing, trade finance with pre-export facilities, and bills discounting, as well as export financing in support of borrowers and projects within Arab markets. Its Treasury segment provides access to the international financial markets; and foreign exchange and money market products, swaps, repos, derivative structures, unallocated Bullion, debt execution, and custody services. This segment also offers structured products and Islamic deposits, as well as order taking, monitoring, advisory, and execution services. British Arab Commercial Bank plc operates primarily in the United Kingdom, other European Union, Libya, and the Middle East and Africa. The company was founded in 1972 and is headquartered in London, the United Kingdom. British Arab Commercial Bank plc is a subsidiary of Libyan Foreign Bank.

Tags:

Banking, Finance and Corporate Banking Services, Corporate and Investment Banking Services, Bank Securities, Banking Markets, Personal Loans