Trade Finance

As a business dealing with imports and exports, we will support your trade through import letters of credit, issuing guarantees as well as handling of import / export documents. Talk to us today!

Letters of credit are normally opened for customers who bank at DTB. These are facilities that are fully secured and the amount covered varies on a case by case basis depending on the nature and value of the tangible security held.

The features of this product are as follows:

  • Currency- KSH,USD,GBP,EUR
  • Import LCs
  • Issue:
    • Opening commission 0.50% per quarter
    • Minimum charge Kshs 3,000
    • Swift charges Kshs 4,000
    • Postage charges Kshs 500
    • Revenue stamp charge Kshs 100
  • Acceptance:
    • Acceptance commission 0.25% per quarter
    • Minimum charge Kshs 1,500
    • Swift charges Kshs 1,500
    • Postage charges Kshs 500
  • Settlement:
    • Settlement commission 0.25%
    • Minimum charge Kshs 3,000
    • Swift charges Kshs 1,500
    • Postage for sight LCs Kshs 500

DTB also acts as an agent for collection and all collections are routed through IBD for processing. The bank acts as an agent for our correspondent banks and receives bills from banks in other countries for presentation to a local drawee (import bills on collection).

The features of this product are as follows:

  • Import bills on collection
    • Handling fees 0.25% or a minimum charge of USD 10
    • Acceptance Swift charges Kshs 1,500
    • Settlement Swift charges Kshs 1,500
  • Export bills on collection
    • Courier charges Kshs 3,000
    • Negotiation charges 0.25% or minimum charge Kshs 2,000

The bank issues letters of guarantee on behalf of customers and these facilities are subject to the same credit vetting and approval process as any other credit facility. Guarantees include all forms of guarantee commitments issued by the bank i.e. bid bonds, advance payment guarantees, performance guarantees among others.

The features of this product are as follows:

  • Currency- KSHS,USD,GBP,EUR
  • Issuing commission of 0.50% per quarter or minimum charge of Kshs 2,500
  • Cash covered guarantee of 0.25% per quarter or minimum Kshs 2,500
  • Individuals / sole proprietors / partnerships
    • National identity card / passport / KRA PIN
    • certificate of borrowers - original and copy
    • Certificate of registration (if proprietor or partnership)
  • Companies
    • Certificate of incorporation
    • Company KRA PIN
    • National identity card / passport / KRA PIN
    • certificate of the directors - original and copy
    • Certified copy of memorandum and articles of association
    • Certified copy of the resolution authorizing borrowing from DTB
    • Audited accounts for the last three years together with a copy of the latest management accounts
    • Copies of bank account statements for the last twelve months
    • Latest annual returns & filing receipt / CR-12
    • Write-ups, plans, and projections justifying need supported by business information
  • Additional documentation requirements

    Bank guarantees

    • Format of bond / guarantee
    • Details of contract for performance bond
    • Details of tender application (bid bonds)
    • Counter guarantee

    Letters of credit

    • Invoice (local LC) and import declaration form (foreign LC)
    • Marine cover

    Note: * All charges are subject to applicable tax

Trade Finance
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