About us.

Bancredit is a group of financial and management services companies, each of its members serving customers worldwide in various fields of corporate and money management.

With our main activities comprising investments, funding, money remittance, payment cards and foreign exchange services we constantly expand our services to globally serve our customers in an efficient and convenient way.

Our strength in financial services is to be there where the customer's local bank relationship is not coming up to his needs. Our capital is the competence of our experienced multi-national experts in a constantly growing number of locations and our solid financial background.

Bancredit arranges Letters of Credit and other types of financial instrument to client businesses. Bancredit facilitates and manages the process of the opening of Letters of credit on behalf of its clientele, and continues the ongoing management of the letter of credit process throughout the period for which a transaction may occur.

Bancredit uses jointly the services of several American and European banks, and is a representative for ten special purpose banks. Because of the company's firm banking relationships, it is positioned to provide flexible and expedited services to its clientele. Due to the flexibility of the company, a specific collateral deposit is not required, and Bancredit does not necessarily become a creditor to its client companies. Bancredit provides an augment to the banking or lending facilities which may be currently provided by other institutions.

The services offered have facilitated excellent relationships between the clients of Bancredit and their overseas suppliers, thus allowing the growth of certain business segments which companies would otherwise not have the ability to pursue. This past year Bancredit has opened hundreds of Letters of Credit on behalf of clients based in North America, Europe, the Middle East and Asia.

Through its strong banking relationships in which world banking institutions work in conjunction with Bancredit's expert staff, the company avails itself of the foremost experts in the World of Trade Finance, and the criteria set forth in UCP 600 for documentary LC's and ISP98 for standby Letters of Credit. These alliances help to create opportunities for growth and profitability the client companies.

Bancredit clients import items ranging from commodity goods to apparel and textiles, and electronic components to consumer appliances and specialty products. The Letters of Credit are opened to suppliers in Asia, Africa, South America and other points in the world.

If your company is looking for a strategy to finance goods to fill your orders, or simply to support growth, contact our representatives.