• Country
    • Gambia
Gambia
Banner

Product and Services

  • Financing
  • Treasury Services
  • Global Trade Services

Financing

Term Loans

Well structured financing of tenors less than one year and over based on specific requirements to bridge funding gaps with flexible repayment structures

Time Loans

Well structured financing of tenors less than one year and over based on specific requirements to bridge funding gaps with flexible repayment structures

Overdraft

Overdraft facilities shall be provided to cover the working capital requirements of a business and may also be revolving credits. Maximum tenor of overdraft is 12 months.

DAUE

The Drawing  Against Confirmed Drafts program sets out the frame-work for granting short term overdraft facility using local currency negotiable instruments, such as drafts, which have already been sent for collection as collateral.

Working Capital Finance

We recognize that your organization may require working capital for day-to-day running of your business. There are various products offered by Access Bank for this purpose.

Cash Management

Collections

Access Bank Collections offers your company an efficient way to expedite collection of funds from your customer and to receive timely information on your incoming payment.

Treasury Services 

Treasury Bills

Alternative investment option that ensure safety of capital and guaranteed interest on investments.

Features

  • This product is positioned to enable individuals, corporates and institutional investors the option to invest in high yielding asset options which are risk and tax free.

Benefits

  • This product offers investors attractive and competitive interest rates on investments.
  • Investments in Treasury bills are safe and risk free as the Central Bank of The Gambia guarantees and gives assurance of full redemption at maturity.

FIXED DEPOSITS

The product is designed to provide low risk investment option at market driven yields for bank's customers with excess funds.

Features

  • Investment made with the bank at a fixed interest rate and fixed maturity date.

Benefits

  • Secured investment as recourse is to the bank.
  • The investment can be used as collateral for a loan.
  • Guaranteed interest on Deposits.

Tenored Deposits

Access Bank invest your idle funds in high yielding tenored deposit with a maturity time frame of between 30-90 days. The tenored deposits are usually booked as BA (Banker’s Acceptance) investment and are used to fund the bank’s investment assets via Banker’s Acceptance and Commercial Papers.

Bonds and Guarantees

Performance Bonds

Bonds and Guarantee are services that support your business by demonstrating your creditworthiness and ability to meet contractual obligations.

Features

  • Tenor is usually for one year or less.
  • Bonds and Guarantee are both multi-currency documents and can be for any amount.
  • Available as APG/Performance Bond, Bid Bond

Benefits

  • Allows flexibility on negotiating contract terms
  • Funds can be used to support working capital requirements

Bid Bonds

Bid Bonds are part of documentary requirements to obtaining contracts. We offer this service in a manner that gives competitive advantage against others

Advance Payment Guarantees

The Advanced Payment Guarantee serves as a guarantee to principal contract employers to enable our borrowing customers (Contractors, suppliers, developers, etc) secure release of an advanced payment of the contract value (in part or full) for execution of project / works accordingly to Technical specifications.

Bank Guarantees

Bonds and Guarantee are services that support your business by demonstrating your creditworthiness and ability to meet contractual obligations.

Custom Bond

This service is offered to service customers specific requirements of the port authorities and customs service.

Importation Bonds

Bonds issued to support imports and other requirements from the port.

Global Trade Services 

Foreign Funds Transfer

Funds are transferred efficiently and promptly through our correspondent banking relationship with the first class international banks. We maintain foreign accounts in all the major currencies and correspond through Commerce Bank, Standard Charted Bank New York, Standard Chartered Bank UK, and Access Bank UK.

Trade Finance

Bills for Collections

Under Bills for collection, there is an underlying credit from the supplier for which a Bill of Exchange (an I O U) properly executed by the importer and endorsed by his bank is the underlying “Eligible Instrument”.

Letters of Credit

Access Bank issues import letters of credit on behalf of customers to her beneficiaries anywhere in the world by utilizing lines availed by highly reputed correspondent banks. These banks are positioned in strategic business locations all over the world.

Usance

The Dollar Usance is an outright Dollar Loan and will also ensure that your LC is made operative without having to add confirmation to the letter of credit pending when you are successful at the Dutch Auction bid. To this end, this solution saves you any offshore confirmation charges.

Confirmation Lines

The Letter of Credit Confirmation Line (LCCL) will ensure that confirmation is added to your letter of credit pending when the bid is won on your behalf.The LCCL does not involve actual cash outflow, as it is essentially a payment guarantee from Access Bank Plc accepted by our foreign correspondent bank. However, your offshore suppliers can discount this guarantee on the counters of the same advising/confirming bank.