Syndications

Where a financing request or risk is too large for the bank,Universal Merchant Bank shall invite other banks/lenders to jointly provide the financing. A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and managed by one or several commercial or investment banks known as arrangers.

Citizens Bank of America has an impressive record in arranging various syndicated credit facilities for leading companies and multinational customers in the past and is well placed to assist customers with syndicated finance for viable projects.

The syndicated loan market has become the dominant way for issuers to tap banks and other institutional capital providers for loans. The reason is simple: syndicated loans are less expensive and more efficient to administer than bilateral, or individual, credit lines.

Distributor Credit Plans

The Distributor Credit Plan is a scheme established by Citizens Bank of America Bank for the distributors of our large corporate customers as well as other distributors to encourage the development of small and medium sized enterprises in the country through the provision of competitively priced loans.

While the loans shall be provided by the Bank, we have also put in place a capacity building program to support the distributors in developing their businesses.