International Banking

The International Banking department handles the bank's foreign currency denominated banking business and manages the bank's relationships with correspondent banks.

Services offered:

• Documentary Letters of Credit - Inward And Outward
  NMB Bank is in a position to establish letters of credit through its international correspondents for importing customers.
  
  For exporting customers, NMB Bank can receive letters of credit from abroad and advise them to beneficiaries.

• International Payments - Drafts and Telegraphic transfers
  NMB Bank is a member of SWIFT (Society for Worldwide Interbank Financial Transfers) and is well poised to handle customers' incoming and outgoing payments. Payments are effected through Telegraphic Transfers via the SWIFT network or by telex. The bank can also issue drafts drawn on our correspondents.

• Offshore Finance - Imports and Exports
  For importing and exporting customers, NMB Bank provides short term offshore finance to assist customers in funding their working capital requirements. Such finance can be denominated in US dollars or any other major currencies.

• Guarantees
  NMB Bank issues foreign currency denominated guarantees to third parties on behalf of its customers. The bank can also receive and advise foreign bank guarantees to its customers.

• Advice On Exchange Control Matters
  NMB Bank is an authorised foreign exchange dealer and is conversant with the requirements of the Zimbabwe Exchange Control Authorities. The bank is therefore well positioned to give advice on all aspects of exchange control as they affect Zimbabweans as well as international investors.

• Structured Finance
  The International Banking team has the expertise to structure large and complex trade finance transactions and through our correspondents, place such business on the international capital markets.

Foreign Currency Services

• Bank Drafts
  Payments for imports and other services can be done by Bank Draft that will be printed the same day.

• Foreign cash
  The bank will exchange notes in major foreign currencies for local currency.

• Foreign currency accounts
  The bank will accept foreign currenCy account deposits from individuals and companies .

Interest
Interest varies according to the amount of deposit and the length of time deposited with NMB Bank the interest accrues daily and is paid quarterly .

Statement
Statements are produced quarterly in line with interest payments periods. Interim statements are available upon request.

Eligibility
- Any individual
- Organisations and companies, subject to the approval of the Reserve Bank of Zimbabwe.

Your contact in our International Banking Department is:

Crispen Mukamba
Tel: (263-4) 759651-9
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