Our products and packages are tailored to improve wallet share and meet a range of customer needs hence ensuring high value, loyal customers

Transcription

1 Our products and packages are tailored to improve wallet share and meet a range of customer needs hence ensuring high value, loyal customers They can be classified into: a) Cash Management solutions b) Lending solutions c) Trade finance solutions d) Treasury solutions

2 Cash Management solutions a) Transactional accounts: Baraka collection and plus current account, as well as Bandari account b) Savings and deposit solutions: corporate savings accounts, fixed deposit accounts, call deposit accounts c) Sector specific products: Chase Agri, Chase Woman, Chase Afya, Churches, NGOs, Saccos/Cooperative societies (already discussed) Oil and Gas (Important to also note) Advisory solutions Relationship managers will be on standby to offer any advise needed Further trainings to be held in time for BSOs Seminars, Kilele portal, etc

3 Product Target market Features Benefits Plus Current account All business owners with high volume of transactions Current account No min. balance Ledger fee KES 350 for first 14 txns p.m. Txns fee of KES 30 Cheque book available ATM card for sole p. Only a KES account Open. KES 2,500 Access to Loan Access to Insurance Access to RM Access to Trade fin. Access to FX Access to bank platforms Baraka Collection account All business owners with minimal no. of txns. Current account No min. balance No ledger fee Txns. Fee of KES 30 Cheque book ATM card for sole p. Only a KES account Open. KES 2,500 Pay As You Go Access to Loans Access to Insurance Access to Trade fin. Access to FX Access to RM Access to bank platforms

4 Product Target market Features Benefits Corporate Savings account All business owners who have surplus cash (yield enhancement) Savings account No ledger fee No min. balance Earn interest from KES 2,000 Open. Bal. KES 10,000 A KES account Interest earned Access to other bank products and platforms Bandari account Importers and exporters and those in their value chain Current account Can be KES or USD Open. Bal KES 2,000 or USD 20 Ledger fee KES 350 p.m. Access to other bank products Access to specialized events Access to bank platforms like internet banking

5 Lending solutions Asset finance: trucks, personal cars Equipment finance: computers, photocopiers Leasing: through Rivieres Finance Limited Working Capital finance: short term loans, invoice discounting Long term loans Mortgages

6 Trade finance solutions Letters of credit (LCs) Standby Letters of Credit (SBLC) Guarantees and bonds: bid bonds, performance bonds, All these have already been covered in the previous training module in detail

7 Our Products: Treasury Solutions Spot forex: Deals done with counterparties, whereby a transaction to buy or sell a certain amount of foreign currency in exchange for another currency at the prevailing rate whose settlement is executed within two business days Forward contracts: deals done with counterparties where the purchase or sale of forex s agreed today with settlement to occur at specified future date that is greater than spot Currencies: USD, KES, GBP, EURO, ZAR Foreign currency current and savings accounts Benefits: We offer very competitive rates We allow a forex trading account only We have a dedicated team of competent dealers

8 Documentation Limited Liability ID/ passport for directors 1 passport size colored photo each Memorandum & Articles of association Certificate of incorporation Board resolution to open account, statin account type and signing mandate Introduction from an account holder PIN certificate of business and directors Site visit and call report Partnership/ Sole Proprietorship ID/Passport 1 passport photo, colored Certificate of registration Partnership deed PIN certificate Introduction from an account holder Site visit and call report Societies/Clubs/Associati on ID/Passport copies 1 passport photo for office bearers Copy of constitution certified by Chair and Secretary Copy of resolution by committee Specimen signatures of those authorized to sign Society s registration certificate Site visit and call report

9 Forms 1. Account opening form 2. Foreign currency account agreement 3. Mandatory risk assessment ( Risk Rating Calculator) 4. Certificate of assurance of KYC compliance 5. ISIC codes 6. Board resolution template 7. Online Banking form