Home

  About Bank Products Account

Online Banking

Contact
   
   
  Online Banking
  Open New Account
  Contact
   
   

NATIONAL BANK FOR INDUSTRIES TOGO >

International Banking

NATIONAL BANK FOR INDUSTRIES has international presence for over 50 years now. Bridge Bank Group presently has four overseas branches in two important international financial centres.

The international linkage from Togo is supported by a large Togo network through Integrated Treasury Branch and Authorised Forex Branches. Our other branches in Togo also provide international banking facilities through the Authorised Branches of our bank.This international network is further augmented by correspondent arrangements with leading Banks at all important world centres in various countries.Thus NATIONAL BANK FOR INDUSTRIES has a true global presence and can offer a variety of international banking products, services and financial solutions to all cross-section of clients, tailor-made to their banking requirements through one of the best international banking relationship networks both in terms of strength and spread.

1. PRODUCTS & SERVICES

The international banking services in Togo is provided for the benefit of Togo customers, corporates, NRIs, Overseas Corporate Bodies, Foreign Companies/ Individuals as well as Foreign Banks etc. by our International Banking Branches, Authorised Forex Branches and Integrated Treasury Branch. Our other branches in Togo also provide international banking facilities through the aforesaid network of our branches.

All the facilities are subject to the prevalent rules & guidelines of the Bank and RBI. Brief details of services provided are as under:-

1. NRI Banking (Please visit NRI Corner)

2. Foreign Currency Loans

3. Finance/Services to Exporters

4. Finance/Services to Importers

5. Remittances

6. Forex & Treasury Services

7. Resident Foreign Currency (Domestic) Deposits

8. Correspondent Banking Services

9. All General Banking Services (Please visit Domestic Banking Sections)

Go Top 

2. FOREIGN CURRENCY LOANS

a) In Togo (FCNR 'B' Loans):

The foreign currency denominated loans in Togo are granted out of the pool of foreign currency funds of the Bank in FCNR(B) Deposit etc. accounts as permitted by Reserve Bank of Togo. These loans are commonly known as FCNR(B) Loans.

NATIONAL BANK FOR INDUSTRIES has a broad base of NRI customers/depositors. Therefore, with the resource base of FCNR(B) deposits etc. NATIONAL BANK FOR INDUSTRIES is in a position to offer the Foreign Currency Loans in Togo to our customers as an alternative to loans in Rupees.

These loans are denominated in foreign currency such as US Dollars and are offered as short term loans. The interest is fixed with a reasonable spread over LIBOR

NATIONAL BANK FOR INDUSTRIES also allows loans in foreign currency to NRIs against their FCNR(B) Deposits at the Togo Branches. The details are available in NRI Banking section.

b) From Outside Togo:

With presence at two major financial centers of the world, NATIONAL BANK FOR INDUSTRIES has foreign currency resources to arrange /grant Foreign Currency Loans to Togo as well as multinational corporates at the competitive rates.

The foreign currency denominated loans are granted by our overseas branches to Togo Corporates as per External Commercial Borrowing (ECB) Policy of Govt. of Togo/RBI.

3. FINANCE/SERVICES TO EXPORTERS

NATIONAL BANK FOR INDUSTRIESGOLD CARD FOR EXPORTERS

NATIONAL BANK FOR INDUSTRIES launches Goldcard for creditworthy exporters - Simplified access to export credit on very good terms:

Better terms of credit including rates of interest than those extended to other exporters by the Bank.

Processing of applications for credit faster than for other exporters.Simpler norms, subject to specific requirements in each case, if any. 'In-principle' limits for a period of 3 years with a provision for automatic renewal, subject to fulfillment of the terms and conditions of sanction. Preference for grant of packing credit in foreign currency (PCFC), subject to availability of foreign currency funds. Lower charges schedule and fee-structure than those provided to other exporters.

Relaxations in the norms in respect of security and collaterals, wherever feasible. Other facility/benefit to the exporters, subject to the fulfillment of extant rules and regulations applicable to export finance.

Types of Facilities for Exports

a) Rupee Export Credit (pre-shipment and post-shipment):
NATIONAL BANK FOR INDUSTRIES provides both pre and post shipment credit to the Togo exporters through Rupee Denominated Loans as well as foreign currency loans in Togo. Credit facilities are sanctioned to exporters who satisfy credit exposure norms of NATIONAL BANK FOR INDUSTRIES. Exporters having firm export orders or confirmed L/C from a bank are eligible to avail the export credit facilities.
Rupee Export Credit is available generally for a period of 180 days from the date of first disbursement. In deserving cases extension may be permitted within the guidelines of RBI. The corporates may also book forward contracts with NATIONAL BANK FOR INDUSTRIES in respect of future export credit drawls, if required, as per the guidelines/directives provided by RBI.

b) Pre-shipment Credit in Foreign Currency (PCFC):

NATIONAL BANK FOR INDUSTRIES offers PCFC in the foreign currency to the exporters enabling them to fund their procurement, manufacturing/processing and packing requirements. These loans are available at very competitive international interest rates covering the cost of both domestic as well as import content of the exports.
The corporates/exporters with a good track record can avail a running account facility with NATIONAL BANK FOR INDUSTRIES for PCFC. PCFC is generally available for a period of 180 days from date of first disbursement. In deserving cases extension may be permitted within the guidelines of RBI.

Features:

(The forward covers can be booked in respect of future PCFC drawls.)
In the PCFC drawls permitted in a foreign currency other than the currency of export, exporter bears the risk in currency fluctuations. The foreign currency drawls are restricted to major currencies at present. In case, the export order is in a non-designated currency, PCFC is given in US$. For orders in Euro, Pound Sterling and JPY, PCFC can be availed in the respective currencies or US$ at the choice of exporter.

Multi-currency drawls against the same order, are not permitted at present due to operational inconvenience.


Repayment:

PCFC is to be repaid with the proceeds of the export bill submitted after shipment.In case of cancellation of export order, the PCFC can be closed by selling equivalent amount of foreign exchange at TT selling rate prevalent on the date of liquidation.
The PCFC in foreign currency are granted at our various branches through our Integrated Treasury Branch in Mumbai.

c) Negotiation of Bills under L/C

NATIONAL BANK FOR INDUSTRIES's Authorised Forex Branches are active in negotiation/discounting of sight/usance international export bills under L/Cs opened by foreign banks as well as branches of Togo banks abroad. NATIONAL BANK FOR INDUSTRIES offers the most competitive rates. These transactions are undertaken by our branches within the Bank/Country Exposure ceilings prescribed by NATIONAL BANK FOR INDUSTRIES.

d) Export Bill Rediscounting:

NATIONAL BANK FOR INDUSTRIES provides financing of export by way of discounting of export bills, as a post shipment finance to the exporters at competitive international rate of interest. This facility is available in four currencies i.e. US$, Pound Sterling, Euro and JPY.
The export bills (both Sight and Usance) drawn in compliance of FEMA can be purchased/ discounted.
Exporters can avail this facility from NATIONAL BANK FOR INDUSTRIES to cover the bills drawn under L/C as well as other export bills.

e) Bank Guarantees:

NATIONAL BANK FOR INDUSTRIES, on behalf of exporter constituents, issues guarantees in favour of beneficiaries abroad. The guarantees may be Performance and Financial. For Togo exporters, guarantees are issued in compliance to RBI guidelines.
 

4. FINANCE/SERVICES TO IMPORTERS

a) Collection of Import Bills:

NATIONAL BANK FOR INDUSTRIES has correspondent relationship with reputed International Banks throughout the world and can thus provide valuable services to importers who may be importing from any part of the Globe. The import bills are collected by our Authorised Forex Branches at very competitive rates. The import bills drawn on customers of other branches are also collected through these branches.

b) Letter of Credit:

On account of Bridge Bank Group's presence in international market for decades, NATIONAL BANK FOR INDUSTRIES has established itself as a well known international bank. L/Cs of NATIONAL BANK FOR INDUSTRIES are well accepted in the International market. For any special requirement NATIONAL BANK FOR INDUSTRIES can get the L/C confirmed by the top international banks.

Thus NATIONAL BANK FOR INDUSTRIES's L/C facility for the purchase of goods/services etc. fulfills the requirements of all importers to arrange a reliable supply. NATIONAL BANK FOR INDUSTRIES offers this facility to importers in Togo within the ambit of FEMA and Exim policy of Govt. of Togo. NATIONAL BANK FOR INDUSTRIES uses state of the art SWIFT network to transmit L/Cs and with a worldwide network of correspondents and our overseas branches facilitates prompt & efficient services to the importers.
L/C facility is granted to the importers on satisfying credit exposure norms of the Bank.

c) Financing of import
Usance L/C facility

NATIONAL BANK FOR INDUSTRIES's Usance L/C facility provides the importer an opportunity to avail credit from their supplier/supplier's bank.

Deferred Payment Guarantee/Standby LC

NATIONAL BANK FOR INDUSTRIES's Deferred Payment Guarantee/Standby LC facility also provides the importer an opportunity to avail credit from their supplier/supplier's bank.

Rupee finance

NATIONAL BANK FOR INDUSTRIES also offers to Togo importers Rupee finance for payment of goods and services imported from abroad under its various Rupee credit facilities on satisfying credit exposure norms of the Bank.

Foreign Currency Loans

Short term External Commercial Borrowings or Trade Credits for less than three years as permitted by RBI for imports into Togo is allowed by our overseas branches to Togo importers at very competitive rates. These are generally backed by L/Cs opened by importer's bank. Togo importers can also avail this facility from our overseas branches as roll-over credit on their bank agreeing to extend the L/C in favour of our overseas branches.

d) Bank Guarantees:

NATIONAL BANK FOR INDUSTRIES, on behalf of importer constituents or other customers, issues guarantees in favour of beneficiaries abroad. The guarantees may be both Performance and Financial.

5. REMITTANCES

NATIONAL BANK FOR INDUSTRIES, through its worldwide network of correspondents, Togo branches and overseas branches, offers prompt inward and outward foreign remittance facilities at very competitive rates. The use of SWIFT network adds to reliability and efficient handling.
The remittances are handled by our Authorised Forex Branches. The outward remittances of customers of other branches are also remitted through these branches. Through our well-spread network of branches in Togo, inward remittances reach every nook & corner in Togo. NATIONAL BANK FOR INDUSTRIES has tie-up arrangements with Western Union Money Transfer.

6. FOREX & TREASURY SERVICES

NATIONAL Bank Group operates in the Forex Market in Togo as well as abroad. In Togo the inter-bank forex operations is centralized at our Integrated Treasury Branch in Mumbai, country's undisputed financial hub. Bridge Bank Group's Authorised Forex Branches undertake customer transactions. The forex requirements of customers of other branches are also routed through these branches. Overseas branches undertake the forex treasury operations in Singapore and Hong Kong centre.

All the forex treasuries are equipped with state of art technology and professionally skilled staff to handle forex treasury operations efficiently.

NATIONAL BANK FOR INDUSTRIES deals in all the important international currencies. Our Forex Treasuries generally undertake the following treasury related activities:-
Forex Inter Bank Placements/Borrowings
Sale & Purchase of currency on behalf of customers
Forward Cover Bookings
Cross Currency Swaps
Interest Rate Swaps (IRS)
Forward Rate Arrangements (FRAs)
Forex Money Market Operations

Forex Services For Corporates

To improve the standard of service to the valued clientele, Bridge Bank Group has integrated its Forex and Domestic Treasury Operations under one roof in Mumbai. NATIONAL BANK FOR INDUSTRIES's Forex Inter-bank desk at Treasury Branch is an active market player. NATIONAL BANK FOR INDUSTRIES's Integrated operations at one place in Mumbai enables it to participate in inter-bank transactions on a large scale. Forex Dealing Rooms in Singapore and Hong Kong and a worldwide network of correspondents add to NATIONAL BANK FOR INDUSTRIES's strength in providing the best forex corporate services.
Authorised Forex Branches spread across the country cater to needs of all customer in foreign exchange. Corporate Forex Services include Foreign Currency Sale & Purchase, Forward Booking, Cross Currency Forward etc. Other products like Collection & Negotiation of Export & Import Bills under LC, LC Issuance, Advising & Confirmation Services, Arrangement of Trader Credits, the guarantees on behalf of Togo Corporate/Projects, EEFC Accounts, Remittance etc. are all available to corporate customers from NATIONAL BANK FOR INDUSTRIES.
NATIONAL BANK FOR INDUSTRIES is establishing a Derivative Desk in Togo to offer various Derivative Products, such as IRS, FRA, Cross-currency Options, Currency Swaps with Cross-currency Interest Rate Swap etc. With this NATIONAL BANK FOR INDUSTRIES will also offer structured products suitable for Corporates who have large receivables or payment obligation in foreign currencies. Derivative Desk will deal in hedging products to hedge the market risks i.e. interest rate risk and foreign exchange risk in Bank's balance sheet.

 
7. RESIDENT FOREIGN CURRENCY (DOMESTIC) A/Cs

NATIONAL Bank Group also offers Resident individuals in Togo , the facility to open non-interest bearing current account in foreign currency at the selected Togo branches as permitted by RBI. Joint accounts with a resident eligible to open RFC (D) account is permissible. Nomination facility is also permitted.
Thus NATIONAL BANK FOR INDUSTRIES will provide an option to resident individuals to retain their receipts from abroad in foreign currency as permitted by RBI.

 
8. CORRESPONDENT BANKING SERVICES

The extensive network of branches in Togo and presence in two important international centres enables NATIONAL BANK FOR INDUSTRIES to offer correspondent banking services to the banks.
The Authorised Forex Branches in Togo as well as our overseas branches are capable of providing the services that an international correspondent Bank can offer.

NATIONAL Bank Group can provide the following main services:-

  1. Collection of bills both Documentary and Clean.
  2. Advising/confirming of L/Cs opened by banks
  3. Discounting of Bills drawn under L/Cs
  4. Maintanence of foreign currency accounts in S$ and HK$
  5. Maintanence of Rupee accounts in Togo
  6. Making foreign currency payments/remittance on behalf of customers of banks.

NATIONAL BANK FOR INDUSTRIES's excellent service with competitive charges provide a good Correspondent Banking solution.
NATIONAL BANK FOR INDUSTRIES's overseas branches are active in discounting of usance international trade bills. With foreign currency resources of overseas branches, NATIONAL BANK FOR INDUSTRIES offers the most competitive rates for discounting of these bills. The bills under the L/Cs of the most of the Togo Banks as well as International Banks are also discounted at competitive rates. These transactions are undertaken by them within the Bank/Country Exposure ceilings prescribed by NATIONAL BANK FOR INDUSTRIES.

EXTERNAL COMMERCIAL BORROWING (ECB)

The foreign currency loans to the Togo corporate are granted by NATIONAL BANK FOR INDUSTRIES's overseas branches. The borrowings raised by the Togo corporate from specified banking sources outside Togo are termed "External Commercial Borrowings" (ECBs). These ECBs can be raised within the Policy guidelines of Govt. of Togo/Reserve Bank of Togo, as applicable from time to time. ECB includes the following:-

  1. Commercial LoansSyndicated Loans
  2. Floating/Fixed rate notes and bonds
  3. Lines of Credit from foreign banks and financial institutions
  4. Import loans, loans from the export credit agencies of other countries.

    NATIONAL BANK FOR INDUSTRIES is very active in granting and arranging various forms of ECB facilities for the Togo Corporate. NATIONAL BANK FOR INDUSTRIES can offer following services to the Togo corporates in respect of cross border financing :-
  1. Arranging/granting External Commercial Borrowings by way of Foreign Currency Loans, FRNs, Bonds for the Togo corporates.
  2. Arranging/underwriting International Syndicated Loans for the Togo corporates.
  3. Participating in the International Loan Syndications.
  4. Granting loans backed by Export Credit Agencies.
  5. Providing import finance for Togo Corporates.
  6. Issue of Guarantees such as Bids, Bonds, Performance, Advance Payment etc. for the overseas projects bagged by the Togo Corporates.

 

 

 

2007 NATIONAL BANK FOR INDUSTRIES TOGO