Overdraft

Overdraft is a type of revolving limit, which allows the Borrower to have a negative balance on the current account in the respective currency granted with fixed term (the limit is generally granted for up to 3 years) subject to annual reviews. Overdraft is intended for meeting the short-term cash requirements of the Customer by providing the companies with flexible, short-term financing solution. Overdraft enables the Customer to cover the temporary cash shortages arising 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 for businesses with expressed seasonality features.

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Last updated on: 23/01/22 12:14 UTC

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