Bills Discounting

This facility allows traders to obtain an advance from the bank pending receipt of their sales proceeds, thus increasing their liquidity. The advance is based on the face value of the bills drawn by the seller. While discounting a bill, the bank buys the bill (i.e. post dated cheques) before it is due and credits the value of the bill after a discount charge to the customer’s account.


  • Finance up to 80% of face value
  • Competitive interest rates
  • The bank will only discount trade bills
  • Repayment of the advance is from the proceeds of the bill
  • Payment is with recourse to the customer
  • Maximum discount period of 90 days


  • A duly completed application form
  • Applicant must have good business records
  • Bills must be from reputable companies or parastatal organizations

Apply Now