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NATIONAL BANK FOR INDUSTRIES TOGO >

Bank Products

  • 1. CORPORATE BANKING
    NATIONAL Bank Group Togo has a well qualified and experienced Management Team comprising of both expatriates and local personnel. Specialized in external and regional trade, we provide export finance particularly by means of Letters of Credit, Short Term Finance and Overdrafts. We provide free advice and guidance to our customers on how to make profitable investments.
    2. PRIVATE BANKING
    The team at Bridge Bank Group Togo understands that your success is the Bank's success. Our aim is to deliver to you the quality of service you deserve. Our Private Banking activities are based on a relationship of mutual trust. Your investments are organized and managed by our banking specialists, who are always available for advice. They visit your business premises, make performance appraisals and give advisory services for improvement in case of need.
     
    3. SAVINGS ACCOUNTS (TZS)

    To open a Savings Account with Bridge Bank Group Togo the customer is required to complete Account Opening Forms.

    a) Benefits:

    • No notice required for withdrawals.
    • Convenient way of saving money for future use.
    • Free monthly account Statements.
    • Competitive interest rates. .
     
    4. COMPANY CURRENT ACCOUNTS

    NATIONAL Bank Group Togo offers Current Accounts to both Individuals and Companies.

    a) Benefits:

    • Easy, quick and safe cheque payments.
    • Free monthly account statements.
    • Internet banking, available on request at a minimum cost.

    b) Account opening requirements:

    • The Customer is required to complete our standard Account Opening Forms available on request at all our branches.

    d) In addition to forms, the following documents should be submitted:

    • Certificate of Incorporation (Certified True Copy).
    • Memorandum and Articles of Association (Certified True Copy).
    • Board Resolution Appointing Authorized Signatories, specifying mode of operation and authorizing Opening of Account with NATIONAL BANK FOR INDUSTRIES TOGO (T) Limited.
    • Current Business License (Certified True Copy).
    • Two Passport size photographs of each authorized signatory.
    • Photocopy of Passport / legal IDs for authorized signatories.
    • Current list of Directors, and their particulars.
    • Residence / Work Permit for non citizens (Certified True Copy).
    • Details of Accounts of at least 2 referees.

    NB: A Company Stamp must be affixed against Authorized Signatories on all necessary forms..

     
    5. INDIVIDUAL / JOINT CURRENT ACCOUNTS

    The Customer is required to complete Account Opening Forms and submit them for processing.

    • This product is available both in TZS and USD.
    • No interest is offered on this type of Accounts.
    • Free monthly account statements.
     
    6. FIXED TERM DEPOSITS (TZS, USD)
     
    • The Customer is required to complete Time Deposit Forms.
    • Interest rates on deposits depend on maturity period and amount deposited.
    • Upon depositing cash into a Fixed Deposit account, a Fixed Deposit Receipt is issued.
    • Minimum deposit is TZS 2,000,000.
    • Rates are highly negotiable for big amounts and longer term deposits.
    7. CALL DEPOSITS (TZS, USD)

    We also offer call deposit facility at the request of the customer. Terms and conditions are the same as applicable for fixed deposit accounts. For further details, please contact our nearest branch.
    8. MONEY TRANSFERS (LOCAL AND OVERSEAS)

    At Bridge Bank Group Togo Money Transfers are done within 24 hours. This saves time and meets customers’ needs without delays.

     
    9. DRAFTS AND BANKERS CHEQUES
     

    Drafts and Bankers Cheques offer the following advantages:

    • They are easier and safer to carry than cash.
    • Payable on demand up to USD 120,000 only.
    • Reduce risk to both parties, the drawer and the drawee.
    • This service is available for Bridge Bank Group Togo account holders only.
    10. DOCUMENTARY COLLECTIONS
    The bank can collect documents from your supplier and /or send documents to your buyer on your behalf.
    11. IMPORT / EXPORT LETTERS OF CREDIT

    For your Trade Finance business, you might need a bank to stand in between you and your buyer / supplier by opening an Import / Export Letters of Credit.
    12. SHIPMENT / CUSTOMERS' GUARANTEES


    When you import goods from abroad the consignment may
    arrive in the country before you receive the documents.
    In such a case you can approach NATIONAL BANK FOR INDUSTRIES TOGO to get a Shipping
    Guarantee that will enable you to clear the goods and avoid demurrage charges.

    NATIONAL Bank Group Togo charges 1% commission per quarter on the value of the guarantee to be issued.

     
    13. TRAVELERS CHEQUES (TZS, USD)
     
    While traveling abroad, this is the ideal payment instrument. At the same time, your risk is highly reduced in case your travelers cheques get lost or stolen, rather than cash.
    14. CUSTOMERS' STANDING INSTRUCTIONS
    In case you need to pay Monthly Bills, on regular and frequent basis, you can instruct NATIONAL BANK FOR INDUSTRIES Togo to debit your account with a specific amount every month and pay these bills for you. You can get more details on this service from our Customer Service or Operations Department.
    15. LOANS AND OVERDRAFTS (TZS, USD)

    Loans and Overdrafts are facilities given to customers at an interest rate based on their creditworthiness, business volume and collateral offered. Please contact Corporate Relations Department for more information.
    16. FORIEGN CURRENCY PURCHASES / SALES

    NATIONAL Bank Group Togo is at your disposal to meet and exceed your needs. We offer you attractive Foreign Exchange rates. For more information, please contact Foreign Business Department.
     
    17. BILLS DISCOUNTING

    This is a Short Term Credit Agreement between two parties with specific duration (not exceeding three months). When you have a bill that is not due for payment but you need money urgently, we can discount your bill at a very competitive interest rate. This is a service offered to NATIONAL BANK FOR INDUSTRIES TOGO account holders only.
    18. ESCROW ACCOUNT MANAGEMENT

    NATIONAL Bank Group Togo manages Escrow Accounts. If you intend to get a credit from abroad while you can not meet your creditors to verify your documents in terms of collateral, NATIONAL BANK FOR INDUSTRIES Togo can assist you to represent your creditor, hence make disbursement of funds on behalf of your creditor.

    19. DIRA


    The Dira account has the most friendly features including:

    • Attractive interest rates.
    • No ledger fees.
    • Flexibility to save as a family on the same account.
    • Opportunity to save for your child

    For further details, please contact our nearest branch.

     
    20. Prime investment plan - PIP

    The Prime Investment Plan gives you an opportunity to save while earning a higher rate of return than any other standard savings account. This account pays high interest, is ideal for medium term planning, and guarantees investment growth. You can choose an investment plan of a 6 months, 12 months and 24 months time frame. We however advise a longer term for a better return.

    Features:

    • Lucrative interest rates.
    • Provides medium term investment plan of up to 24 months.
    • Available in Tanzanian Shillings (TZS).
    • No maintenance fees.
    • Minimum monthly deposits of only TZS 100.000.
    • Individual or joint accounts.
    • Guarantees automatic access to personal loans in case of emergencies.

    For further details please contact our nearest branch.

     
    21. Student Investment Teams – SIT


    Student Investment Teams provides students with opportunity to make monthly savings while earning a higher rate of return than any other standard account. Students can choose an investment plan of up to 24 months timeframe. Students at higher institutions who have a common vision are encouraged to come together, pool their resources and accumulate wealth through a savings plan that fits within their shared goals. Groups comprising of up to five (5) students can jointly operate a savings scheme which will provide seed capital for their future investment plans.

    For further details please contact our nearest branch.

     
     

     

    © 2007 NATIONAL BANK FOR INDUSTRIES TOGO