Bilateral Shipping Finance remains the main product of the Bank as it is the basic lending tool, which is chosen by lots of our customers when they want to implement their business plans.
In general, the purpose of above loans is the built, repair or purchase of vessels. They are long-term loans with customized repayment methods depending on borrowers’ cash flows and operational needs.
Our Bank acts as arranger and agent in syndicated loans in which the Bank and other financial institutions or other credit providers participate as creditors, while one or more ship owning companies participate as borrowers. Such loans require significant large capital and, as a result, the participation of more than one creditors is necessary so that they can be realized.
Financial institutions and other credit providers participating in syndicated loans choose our Bank to act as Agent, Paying Agent and Trustee for said loans.