In case you have existing funds with the bank but are in a different currency than your needs and the actual exchange rate is not favorable; or your funds are invested and do not want to break their maturity, then the Overdraft with cash collateral is the right choice for you.
Target clientele for this product are all individual customers who have their own funds invested in a time deposit, current account, saving account, or treasury bill and who face an unexpected need for liquidity.

Advantages

• Issued in record time
• No extra documentation needed
• No interest is charged if the Overdraft line is not used

Product Terms

• Available in LEK/ EUR/ USD
• Tenor 1 year
• The cash collateral should cover 110% the amount of the overdraft despite of the currency of both components (the cash collateral and the overdraft).
• As cash collateral will serve one of the following:
  - Time deposit
  - Current account
  - Saving account
  - Treasury bills

For the Interest Rates, please refer to the Terms and Conditions.