About Us

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. We will look at the best way to structure finance for your business.

Credit Facilities for working capital finance and capital expenditure requirements

Interest rates based on the Bank’s minimum lending rate for prime advances plus a risk margin.

Acceptance Credit for short term working capital finance (up to 180 days) on a re-discountable bill basis and the interest or discount is market determined.

Documentary Letters of Credit (L/C’s) (Import or Export) to promotes international trade by providing conditional but irrevocable guarantee on account of an importer or buyer in favor of an exporter or 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/C’s are available in the form of sight L/C’s, usance L/C’s and standby L/C’s

Offshore Loans denominated in a foreign currency which have fixed interest and fixed tenor with a maximum tenor of 180 days. We avails loans 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 or Discounting to provide 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 issued on behalf of the Bank’s customers in favor of third parties, for specific amounts period and purpose. The bank has a wide range of guarantees issued including as bid bonds, guarantees and performance bonds.

Structured Finance designed to meet customers’ specific circumstances or requirements. The objective for this is to create an optimal financing method that is self liquidating whilst minimizing risk to clients and bank.

Leasing Hire Finance that grants a lessee the right to use an asset in return for periodic payments to a lessor. The ownership of the asset remains with the lessor.

Leases most frequently cover such assets as motor vehicles, commercial trucks, buses, tractors and farming equipment, earth-moving equipment and office equipment. It does occasionally extend to industrial machines such as lathes, cutting equipment, food processing machines and refrigeration equipment.

What do you need in order to access a corporate banking product?
All registered companies in Zimbabwe qualify for all the products and services we offer. Foreign companies are required to go through the foreign exchange control to be eligible for our products.

• Three consecutive years Financial Statements including the latest Bank Statements for the last 6 months
• Background information about the organization and project
• Articles & Memorandum of Association/Constitution
• Cash flow projections
• Certificate of Incorporation
• Pro-Forma Invoice from a registered dealer
• Company Resolution to borrow & charge security
• Form CR 14 (Current)
• Certificate to commence business

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