Banking Support
We handle your bank relationship — credit facilities, reconciliations, and disputes — end-to-end.
Our banking practice handles your relationship with Egyptian banks — arranging credit facilities, structuring loan terms, managing reconciliations, and representing you in disputes or distressed-debt workouts. Whether you need a credit facility to fund growth, or you’re navigating a bank conflict or debt restructuring, we manage the bank relationship on your behalf.
What We Offer
- Credit-Facility Arrangement — We study your financial needs and projected profitability, prepare a complete Credit File, and negotiate terms with the bank.
- Loan Management & Supervision — We monitor loan spending to ensure funds are well-allocated and your company meets bank obligations on time.
- Bank-Dispute Resolution — When distressed-debt situations arise, we negotiate on your behalf and guide you to the best possible workout terms.
Frequently Asked Questions
Why are bank reconciliations important and how do they work?
A bank reconciliation is one of the most fundamental controls in any business's financial system. It matches the cash balance shown in your books against the cash balance on the bank statement at the same date, then explains any difference. Why they matter: Catch errors early. Duplicate entries, missed deposits, transposed amounts, miscoded transactions surface as discrepancies and can be fixed while fresh. Unreconciled, they accumulate and become much harder to untangle. Detect fraud. Unauthorised withdrawals, forged cheques, unrecorded transfers, and unusual activity all surface during reconciliation. Many small frauds are caught — or prevented — by the discipline of regular reconciliation. Reveal timing differences. Cheques issued but not yet cleared, deposits not yet credited by the bank, bank fees or interest recorded by the bank but not yet in your books — normal items that need to be identified explicitly each period. Support clean financial reporting. Auditors, banks (when reviewing your credit file), and investors all expect reconciled bank accounts. An unreconciled cash position is a red flag in any due diligence or audit. How it works: 1. Get the bank statement — for the period (typically monthly). 2. Get the cash balance per your books — at the same date. 3. Compare every transaction — in both records. 4. Identify reconciling items — outstanding cheques, deposits in transit, bank fees and interest, direct debits or standing orders, errors on either side. 5. Adjust the book balance — for items only the bank knew about (fees, interest, direct debits, NSF returns). 6. Confirm the adjusted balances match — any residual difference must be investigated until resolved. 7. Document the reconciliation — with supporting schedules, signed off and filed. Performed monthly as part of close-the-books, sometimes weekly or daily for high-volume businesses. ERP-integrated bank feeds reduce manual matching significantly, but the discipline — compare, identify, adjust, document — remains the same.
How to apply for a corporate loan?
Egyptian banks structure corporate lending around a few standard facility types — overdrafts and revolving working-capital lines for day-to-day cash flow, term loans for asset purchases, and trade-finance instruments (letters of credit, letters of guarantee) for imports and contract performance. Match the facility to the actual need before applying; pricing, tenor, and collateral differ for each. The application package banks typically request: Commercial Register (سجل تجاري) — extract no older than three months. Tax Card and VAT certificate — where applicable. Articles of Association (عقد التأسيس) — and any amendments. Audited financial statements — last three years, plus current-year interim accounts (see the Financial Assurance FAQ for what a financial audit covers). 12 months of bank statements — from existing banking relationships. National IDs — for authorised signatories and shareholders. List of existing facilities — at other banks with current balances. Collateral documents — property deeds, equipment invoices, receivables aging, or whatever secures the facility. Business plan or feasibility study — for term loans against new investment (see the Business Establishment FAQ for what a feasibility study covers). The bank's process: initial meeting with the relationship manager, document submission, credit analysis (financials, I-Score record, sector and collateral review), credit committee approval, offer letter, documentation and registration (mortgage or pledge), then disbursement. Pricing is typically a margin over the Central Bank of Egypt corridor rate, reflecting facility type, tenor, customer risk grade, and the bank's appetite for the sector.
What banking facilities does a company in Egypt need?
Banking needs grow with the business — size, sector, and whether the company imports, exports, manufactures, or only sells locally determine which facilities matter. A practical way to think about it is in layers. Foundational — every operating company: Current account in EGP — at one or two banks. Corporate online banking — for transfers, payroll, and bill payments. Cheque book — still the default for many B2B settlements in Egypt. POS terminals or payment links — for retail and e-commerce collection. Payment gateway integration (Paymob, Fawry, Stripe) — for businesses with a website or online checkout. Payroll domiciliation — salaries paid through the same bank, which usually unlocks staff benefits at preferential rates. Working capital — once operations are running: Overdraft — on the current account for short-term liquidity gaps. Revolving working-capital line — for recurring funding needs. Post-dated cheque discounting or invoice / receivables financing — to bridge the gap between sales and collections. Trade finance — importers, exporters, contractors: Foreign currency accounts (USD, EUR, GBP) — for receipts and payments. Letters of credit (LC) — for international purchases; protects both sides of an import. Letters of guarantee (LG) — bid bonds, performance bonds, advance-payment guarantees required to bid on government and corporate tenders. Documentary collections — for non-LC export shipments. FX forwards — to hedge currency exposure on contracted future payments or receipts. Investment — capital expenditure: Term loans — secured against the asset being financed. Project finance — for larger builds or expansions. Equipment leasing — as an alternative to a loan-funded purchase. Most companies build the stack gradually, starting with the operating account and adding facilities as cash-flow patterns and growth plans evolve.
Contact
16 Hedaya Basha Street, Gleem, El Raml 2, Alexandria, Egypt
Email: info@inspect-solutions.com
Office hours: Saturday – Thursday, 9:00 AM – 5:00 PM