BONDS AND GUARANTEES
We give support to our various corporate clients in the area of bonds and guarantees, giving the undertakings required to support fulfilment of contractual obligations. Our products include bid bonds, performance bonds, advance payment guarantees etc. With our support, our customers are able to meet up with the demands of various principals from the government and private sector for contract engagements
Our project finance offering provides funding support for projects and infrastructure development, with reliance on targeted cash flows. This provides flexible funding arrangements to meet identified project timelines
These specialised products are offered to corporates and are collateralised by assets ranging from inventory, machinery, equipment, real estate, etc. This solution offers emerging corporates access to cheaper and stable funding for the execution of their short to long term finance requirements.
NEGOTIABLE INSTRUMENTS (ISSUANCE, DISCOUNTING AND RE-DISCOUNTING)
Negotiable instruments such as promissory notes are used to raise funds by government and private institutions.
Companies may also issue notes to their contractors in promise of future payments. We offer discounting and rediscounting packages to our corporate customers looking to trade in their negotiable instruments for cash. In addition to this, we also engage with our corporate customers to identify which instrument is most suitable for their financing needs.
RECEIVABLES FINANCING (INVOICE DISCOUNTING, DEBT FACTORING)
Our receivables financing facilities cover different arrangements under which corporates clients are financed against varying types of expected cash flows. Our invoice discounting product is a short-term funding structure backed by invoices of reputable third parties. The liquidity provided helps to improve your corporate cash flow positions. Through our debt factoring arrangement we buy your corporate invoices and receivables, at a discount, giving you immediate access to cash for pressing operational needs. To do this, we evaluate the business, to understand how it operates and assesses the receivables to determine suitability and applicable discounts.
TRADE FINANCE PRODUCTS (LOCAL PURCHASE ORDERS (LPO)/ LETTER OF CREDIT (LC), BILLS FOR COLLECTION, CONTRACT FINANCE):
Our trade finance bouquet of services ultimately provides our corporate clients with access to finance for smooth execution of contracts. Our LPO financing is a short term facility used for the purpose of executing contracts issued by pre-approved companies, while contract financing provides support for contracts awarded by government entities and other reputable private organizations
LOANS (OVERDRAFTS AND TERM LOANS)
Our overdraft facility guarantees easy access to funding for corporates with short term funding needs, while our term loans provide funding for working capital requirements, asset financing and many more, with convenient repayment terms.
STRUCTURED INVESTMENT PRODUCTS
Our wide range of structured products and investments include promissory notes, securities backed investments, fixed term deposits. In addition, we provide access to the primary and secondary markets in government securities.
Our investments are tailored to meet the risk-return profiles of our customers and are guaranteed to produce competitive earnings.
Our current account allows you to conveniently carry out your routine corporate banking transactions with third parties efficiently. Our platform provides you with easy access to your account using our fast and secure 24hour e-banking services as well as other traditional platforms.
Our lease financing guarantees the lessee (the renter) use of an asset whilst making regular payments for a pre-agreed period. This facility allows our corporate clients to enjoy the use of asset without having to incur the attendant costs of acquisition.