Zenith Bank (UK) Limited

Short term financing to help improve cashflow

Bill Discounting

Zenith Bank (UK) Ltd purchases the instrument — i.e., a Bill of Exchange or a Promissory note for instance — before it has been paid and credits its value (after deduction of fees and a ‘discount’ charge) to your account.

The discount charge is equivalent to the rate of interest applying to the advance from the date of purchase until the date the bill is actually paid. The size of the advance is determined primarily by the perceived risk associated with the instrument and the number of days left until payment is due.

Tania Powell
Head of Trade Services
+44 (0) 20 7105 3957

Tim Holmes
+44 (0)20 7105 3934

Priya Ganjoo
+44 (0)20 7105 3932

Ogiuwa Madunagu
LC Advising
+44 (0)20 7105 3959

Adeola Akintimehin
Relationship Officer - Zenith Bank (UK) Ltd - (DIFC Branch)
+971 (0)4 279 0736