If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.
For more information, please contact your relationship manager or call us on 0861 102 205 for assistance. Alternatively, you can email us at [email protected].