NMB Corporate Banking structures facilities, analyses potential facilities and advises clients on financing structures to meet their unique requirements. When making loans, the department works closely with the Risk Management Department, which is responsible for monitoring all credit exposures in the bank.

Central to its activities is the objective to ensure that you receive truly personalized service. The department is staffed by account relationship managers whose task is to understand your business and ensure that you receive the appropriate service whether as a borrower or investor .

Services Offered

• Corporate Banking

• Savings Account

• Current Account

• Business Credit Cards

Loans and Overdrafts

• To finance working capital and capital expenditure requirements.

• Interest rates based on the Bank's Minimum Lending Rate for prime advances plus a risk margin.

Acceptance Credits

• Provides short term working capital finance (up to 180 days) on a re-discountable bill basis.

• Interest / discount is market determined.

Reserve Bank Productive and Export Sector Loans

• Concessionary loans to businesses in the manufacturing, mining, agricultural, tourism and export sectors.

• Loans to finance working capital and capital expenditure.

• Interest fixed at 30% per annum.

Documentary Letters of Credit (L/Cs ) (import / export)

• Product promotes international trade by providing a conditional but irrevocable guarantee on account of an importer/buyer in favour of an exporter / seller.

• Upon conclusion of a contract, the buyer and seller agree on the documentation required and the bank handles the documentation and guarantees payment to the supplier if all documents are in order.

• Various types of L/Cs are availabe in the form of
  - sight L/Cs
  - usance and L/Cs
  -standby L/Cs

Offshore Loans

• These are denominated in a foreign currency, , and have a fixed interest and fixed tenor witha maximum tenor of 180 days.

• Loans are granted to customers on the basis of confirmed orders and the bank handles all export documents involved.

• Interest is based on LIBOR plus a risk margin.

Order Financing / Discounting

• The Bank provides short term finance to traders who require immediate funding by discounting invoices due for payments from their creditors.

• The rate of discount is market determined and linked to that of bankers' acceptances.

Bank Guarantees

• Are issued on behalf of  the Bank's customers in favour of third parties ,for specific amounts, period and purpose.

• The Bank has a wide range of guarantees issued such as ,bid bonds, payment, guarantees, performance bond, bonded warehouse, etc.

Structured Finance

• These are facilities designed to meet customers' specific circumstances or requirements.

• The objective is to create an optimal financing method, that is self liquidating, whilst minimising risk to client and bank.

If you would like more information on our Corporate Banking Services, please contact:

Fanwell Mutogo, NMB Corporate Banking
Telephone: (263-04) 759687/ 773977 / 772759 /756617 /775150/3
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