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Habib Bank AG Zurich begins online letters of credit
Dubai |By A Staff Reporter | 31-01-01
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Beginning today, Habib Bank AG Zurich launches its next phase
in Internet banking with its online letters of credit (LCs). "Our
new service provides customers with a fast and efficient way
of requesting an LC at any time, anywhere," Joint President
Reza Habib said yesterday. Customers may visit the bank's
website and fill in an LC form which will then instantaneously
begin to be cleared. Besides time savings, an added advantage
is that customers can reload the earlier form and make
necessary changes instead of resubmitting all data with every
application.
In line with its policy of striving to
keep ahead of the industry, the bank has added over 30 pages
to its site including current, savings, call deposit and time
deposit accounts, commercial and auto loans, local bills
discount, LC sight and usance, delivery or local purchase
order, shipping guarantee, master credit card and rent loan.
Customers also have access to historical
information.
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