Wegagen Bank has inaugurated its tallest Headquarters
building, the most distinctive figure in Addis skyline with
its elegant architectural design built in the melting
pot of the city opposite to Addis Ababa Stadium.
Reinventing the iconic
The New Light in the Sky
A merchandise loan is a short-term credit facility, which is granted through physical possession of the merchandise under dual or sole control arrangement. It could also be availed against acceptance of railway receipts or truck or airway bills as documentary evidences for a customer by undertaking tripartite agreement among the Bank, the customer and transitory company.
The purpose of a merchandise loan is to relieve the customer from cash-flow problems arising from money being tied up in the merchandise.