Letters Of Credit


A documentary credit is used to facilitate the import and export of goods between countries.  The issuing bank guarantees payment independently of the importer if all terms and conditions have been met. The confirming bank adds its guarantee of payment to that of the issuing bank and importer in terms of bank and country risk.

Period and Repayment

  • Up to 12 months reviewable annually for formalized  revolving limits 
  • Up to 180 days for temporary one-off.
The period may vary as agreed by the parties.

Benefits to the customer

The benefits of letters of credit to the customer are:
  • Security
  • Guaranteed payment
  • Quick and efficient settlement
  • Flexibility



To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.