This is described as a Joint Venture business between the Bank and the Customer, in which both parties contribute financially to the business and the profit is shared according to the ratio of the capital contributed. As a current account holder, this product best befits your business financial obligations.
- Both parties contributes financially
- parties must participate in the running of the business
- Profit and loss shall be shared between the bank and customer according to the parties’ contribution.
- It empowers the customer
- Accessibility to credit facility
- Increases customer wealth.