Cash

Credit lines

• revolving credits, granted both in ROL and in foreign currencies, for financing current activities (production, payments to suppliers, trade, distribution and others)
• the bank offers funds which can be used partially, according to the client's needs, as long as the total granted amount does not exceed the approved limit
• the client can make drawings (utilizations) and reimbursements during the whole validity period of the credit line, as long as the daily balance does not exceed the approved limit
• interest is calculated based on the effective amount used daily

Revolving credits

• can be granted both in ROL or foreign currencies
• can be used for current activities, but also to complete the client's own funds for investments, equipment acquisitions and others
• credit reimbursements don't diminish the initially approved limit, allowing further drawings (utilizations) as long as the daily balance does not exceed the approved limit

Non-revolving credits

• can be granted both in ROL or foreign currencies
• can be used for financing investment projects, approval of a grace period being possible
• each reimbursement decreases the initially approved limit, future supplementary drawings (utilizations) from the limit are not accepted

Overdraft (receivables financing)

• can be granted both in ROL or foreign currencies
• granted based on documents such as promissory notes, cheques, drafts or invoices assigned in favor of the bank, payment orders confirmed by the payer bank
• offers the possibility of in cashing the receivables before the maturity of the assigned documents
• in this case, the documents assigned represent the source of reimbursements, the overdraft's maturity being related to the maturity of the assigned documents
• credit reimbursements don't decrease the initially approved limit, allowing further drawings (utilizations) as long as the daily balance does not exceed the approved limit

Factoring

• to be granted both in RON and foreign currency
• designed for domestic suppliers and exporters
• granted based on invoices assigned in bank's favor
• offers the possibility of in cashing the receivables before the maturity of the assigned invoices
• the payment is insured in case of debtor's bankruptcy
• the collection of the invoices does not diminish the initially approved limit, allowing further drawings, as long as the daily balance does not exceed the approved limit