Business Banking

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