Overdraft Limit

The overdraft facility allows the borrower to have a negative balance on the current account in the respective currency.

This facility is a perfect solution for businesses that require flexible, short-term financing. It covers the temporary cash shortages in the course of the day-to-day operations of the business and contributes to the better management of the cash flows of the companies, especially in case of expressed seasonality features. The short-term nature of the overdraft facility allows optimizing the interest expenses, which are accrued only on the utilized portion of this facility.

Important notes:
At this stage we don’t offer overdraft facilities to the customers.