CORPORATE BANKING
Customer relationships are managed on a personal level by account relationship managers that play an important role in helping you to meet your financial requirements.
Our account relationship managers are able to offer you an all-embracing service from attending to routine enquiries through to helping with complex financial transactions. Our account relationship managers are also able to draw on the skills of the bank's specialist divisions.
Our services include:
Loans and overdrafts - Short term loans to finance working capital and capital requirements.
- Interest rates are based on LIBOR plus a risk margin.
Bankers Acceptances (BAs) - Provide short-term working capital finance on a re-discountable bill basis.
- Discount interest is market determined.
Letters of credit (L/Cs) - To facilitate international trade through providing conditional but irrevocable guarantee on account of an importer in favour of an exporter.
- Bank guarantees payment to supplier if all documents are in order.
Offshore loans - Loans granted to customers on basis of confirmed orders and the bank handles all export documents involved.
- Interest rate is based on LIBOR plus a risk margin.
Order financing/Invoice discounting - Short term finance to fund confirmed orders.
- Short term finance to traders who require immediate funding by discounting invoices due for payment from their customers.
- Interest /discount rate is market determined.
Bank guarantees
- Issued on behalf of customers in favour of third parties, for specific amounts, period and purpose.
- Various types of guarantees on offer include bid bonds, payment guarantees, performance guarantees etc.
Corporate Current account - Demand deposit account where funds can be withdrawn by cheque.
- Account offered for all major currencies (GBP, USD, BWP, ZAR, and EURO).
Investments
- Fixed term deposits are also offered.
- Interest rate is negotiable.
Special facilities
The bank is offering facilities under the following lines of credit: The Eastern and Southern African Trade and Development Bank (PTA Bank) line of credit. - Targeted at exporters.
- Funding is for both pre and post shipment finance.
- Loan tenor is 12 months.
The Arab Bank for Economic Development in Africa (Badea) line of credit. - Targeted at agriculture and food processors.
- Funding is mainly for capital expenditure although working capital may be considered.
- Loan tenor is up to 24 months.
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