Exciting renovations to our Coburg Branch in Melbourne will commence from Tuesday 6 August to bring our customers a fresh new look branch. Completion of this project will take a few weeks. From 6 August until work is completed, you can reach our customer service team on 9355-7740 or our lending team on 9355-8862 to see if you can access the branch on the day, you are looking to come in. Our team is available to assist with alternate ways to complete your banking in need. Alternatively you can freecall 1800 64 64 84 if unable to reach the Coburg Team. We apologise for any inconvenience this may cause.

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Our Melbourne Branch will be closed on Tuesday 5 November, for the Melbourne Cup public holiday. 

How does a bank confirmation work?

If your buyer is prepared to provide an Export Documentary Letter of Credit (L/C) but you are unable to assess the issuing bank or country risk yourself, Arab Bank Australia may be able to arrange “Confirmation” of the credit.

Key Benefits

  • Peace of mind: normally your company remains liable for any risks associated with the issuing bank, the payment transfer and the overseas country risk. A bank confirmation passes these risks on to Arab Bank Australia.
  • Access to working capital: you have the option of receiving the payment in advance of the due date through non-recourse discounting of the receivable.
  • Expanding your business. Confirmations can make it more feasible to expand your business into regions where risks associated with the issuing bank or countries are difficult for you to measure and accept.

For more information please contact:

Claudio Piccinini
Senior Relationship Manager, Trade Finance

Telephone: +61 2 9377 8915

Fax: +61 2 9221 5428

Mobile: +61 421 097 656

Email: trade@arabbank.com.au