SME’s play a key role in the economic development of any country. SME’s are the prime engine for employment generation and poverty reduction in Pakistan. Sindh Bank (SNDB) therefore envisages itself to be the key lender to SME businesses across the country. At SNDB , our aim is to provide quick, easy and a convenient experience to our customers. We have network of Relationship Managers across the country under the umbrella of Credit Hubs to be reached out and for serving our SME borrowing customers in an efficient manner.
We cater to the needs of our customers through provision of the following services:
- Deposit and Savings Accounts
- Working Capital Finance
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- Running Finance
- Cash Finance
- Bank Guarantee
- Letter of Credit
- Trade Finance in both PKR and FCY
- Finance Against Imported Merchandise (FIM)
- Finance Against Trust Receipt (FATR)
- Foreign Bills Purchased (FBP)
- Inland Bills Purchased (IBP)
- Project / Expansion Finance
- Receivables Discounting
- Lease Finance
- Export Finance/Refinance
- Long Term Finance Facility
In a significant move to enhance economic growth and promote strategic alliances, the Sindh Enterprise Development Fund (SEDF) and Sindh Bank Limited have entered into a pivotal Institutional Collaboration Agreement Salient Features
Rs. 1,000 Million being total (aggregative) Limit for all the Projects/ Businesses financed under this Agreement. However, Per party / borrower limit as per prevailing Prudential Regulation of SBP for SME financing.
1) Working Capital (on SEDF terms and conditions i.e. Working capital subsidy (if any) will be solely at the discretion of SEDF and from case to case basis.) 2) Capital Cost Financing (Term Finance/ Lease Finance) for equipment, plant & machinery, animals (e-tagged) etc.
1) Agri Based projects 2) Livestock & Dairy 3) Poultry 4) Horticulture & Floriculture 5) Storage and Cool Chain 6) Green Energy/ Altern Energy 7) Mining and Mineral Processing 8) Women Entrepreneur 9) Information Technology General Terms & Conditions
1) Working Capital Loan: 01 year on roll over basis up to 3 years. 2) Term Loan/ Lease Finance: 5 years except projects/ schemes falling under State Bank of Pakistan’s refinance facilities where tenor will be up to 10 years and/or as amended by SBP from time to time.
Repayment of finance shall be in installments i.e. Monthly or quarterly.
SEDF will reimburse markup up to the extent of KIBOR part of mark-up on the loan provided by Bank. However, customer shall pay entire markup i.e. Principal and Spread from their own cashflows whereas SEDF will reimburse the KIBOR portion of Markup in the account of customer maintained with Sindh Bank. In the event, a facility falls under SBP’s refinance scheme, portion of markup beyond 2% will be paid by SEDF.
Up-gradation projects will be considered for financial assistance in terms of lease of plant, equipment & machinery. |