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Corporate Banking Products |
| Loans, Overdrafts And Guarantee Bonds | These are traditional products that are processed with
speed by the Corporate Banking Group to meet the immediate
requirements of corporate customers. Requests for these
facilities are handled direct by the Group from customers
without routing them through the account holding branch. This minimizes delays
in processing time. |
| Bankers Acceptances/Commercial Papers | These are alternative types of credit to the
more familiar bank loan or overdraft. The customer will be allowed
to draw bills of exchange on the bank for agreed amounts. These bills which will
mature for payment at a given future date are then “accepted”
by the bank and then sold in the money market in order to
raise funds for the customer from interested investors mainly
companies, pension funds, government departments, individuals,
among others.
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| Project Finance Syndication | We
finance new and viable projects and provide funds for
expansion. The
Bank is in a position to market customers packages for
syndication (where necessary) using its links with other Banks
to ensure it is efficiently and effectively concluded.
|
| Equipment Leasing | An alternative financing option mainly to secure
the use of capital/fixed assets instead of outright purchase
or through loans.
By such arrangement, the Bank as the lessor
finances/acquires the asset and then allows the customer
(lessee) the use of it in return for periodic rental
payment.
|
| Stallion Tenor Bills
| This is offered to deserving customers whose
short term financing needs cannot be met by traditional
overdraft or commercial paper and other bills through
discounting methods.
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