business banking
DESCRIPTION
The Business Banking Presentation made during the NIC Entrepreneur Workshop held on the 28th of May 2014TRANSCRIPT
Business BankingSolutions
Business Banking Solutions
• Transaction & Savings Accounts
• Cash Management solutions
• Trade & Working Capital financing
• Business Expansion
• Other banking solutions
• Contacts
Cash Management Solutions
Transaction accounts (current accounts)
To manage your day to day cash flows, we have designed a variety of business transaction accounts that fit your needs.
Benefits•No minimum operating balance•Low account opening balance •Offers flexibility to transfer funds from other current or savings account •Statements of account provided at regular intervals for free•Free access to mobile and online banking•Access to an International Visa Debit card •Access to Business Networks•Access to a wide range of financial solutions for your business •You can choose to open an account in any major currency•Dedicated Relationship Manager
We offer savings accounts that enable you to save for short term and long term needs whilst earning interest.
Benefits•Attractive interest rates for cash deposits•No ledger fees or account maintenance fees •No restrictions on deposits •Quarterly withdrawals to fit in with business needs•Choose from a wide range of currencies including Kes, USD, GBP and Euro
Savings accounts
Term deposits
The Fixed or Call Deposit Account is designed to cater to the needs of business clients who may want to deposit their money in an interest earning account for a specific period.
Benefits•Competitive / attractive interest rates•Varying maturity term periods to suit your needs•Interest computation on daily balances•Margin Accounts can be used as security for loans and overdrafts
Trade & Working Capital Financing
We appreciate that in the fast-paced world of modern business, access to quick and convenient cash is critical.
We offer the following services:
1. Invoice Discounting
2. Business Term Loans
3. Overdraft facilities
Trade and Working Capital Financing
Our trade services will support your business with the complexity of local and international trade.
We offer a range of services which include:
1. Export Services
2. Performance guarantees
3. Import Services 4. Post-Import Financing
5. Tender bonds
Business Expansion
Business Expansion
Business expansion requires capital investments, which are basically medium to long-term investments financed by one or a combination of the following:
1. Retention of business profits
2. Injection of fresh capital by business owner (s)
3. Financing through bank loans that need to be repaid based on projected future business cash flows
Business Expansion facilities
1. Asset based loans
2. Commercial mortgage (Construction loans, Owner occupier and equity release)
Other Banking Solutions
Other Banking solutions
1. Insurance Premium financing
2. Business Entrepreneur club
Contacts
Wilfred Musau Head of Business Banking
0701190384/ [email protected]
Customer Contact Center
customercare @nic-bank.com Tel 020 2888217, 0711041111, 0732141111, SMS 20488www.nic-bank.com
THANK YOU