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CORPORATE

SUPPLY CHAIN FINANCING

 We have dedicated team within Corporate specialized in providing financial solution to corporate supply chain upstream (customers) and downstream (suppliers) of reputable corporates. Supply Chain Financing (Distributors/Agents Financing) aims at improving the financial efficiency of the supply chain by creating a business link between Large Corporates and their customers (Distributors) as well as suppliers.

The intention is to provide full range of financial solution to the Distributors/Dealers/Agents 

NMB Business Account for business transactions

  • Overdraft to carter for working capital need where the corporate does not extend credit
  • Guarantee where the corporates is giving credit to its customers
  • Payment solution using NMB Mobile platform (B2B solution)
  • Internet Banking and Point of Sale devices
  • Term loan for capital expenditure needs

Benefits to Corporates

  • Real time payment view over NMB’s internet banking 
  • Upfront cash payment before dispatching goods
  • Improve cash flows of the company derived from upfront cash sales and payment
  • Support growth of company’s sales volume as the counterparties (distributors/dealers) will have access to financing 

 Benefits to Distributors/ Dealers 

  • Access to NMB facilities thus increased financial muscles to smoothly carry out business
  • Access to competitive and preferential banking facilities 
  • Increased purchasing power and stocking ability
  • Payment flexibility over NMB Mobile thus reducing the turnaround time of payment and getting stock
  • Increased collection options either using Cash in Transit services or NMB branch network
  • Access to NMB wide branch network to facilitate collections currently more than140 branches.

General benefits of all corporate products offered 

  • Dedicated Relationship Managers to ensure that we are meeting your expectations and to assist you with future strategy in the markets in which we operate.
  • One stop shop to other trade cum transaction product and services such Import/Export Letters of credit, bank Guarantees, structured finance such as LC cum Collateral management arrangements, Cash In Transit, Borrowing base. 
  • Operate in a bank of more than 170 branch network to facilitate your sales collection.  

 Eligibility 

  • Companies with Turnover above TZS 5 Bn
  • Facilities requirements above TZS 1.5Bn
  • Multinational companies 

Requirements

  • Memorandum and articles of association
  • Certificate of registration/Incorporation, TIN, Tax clearance certificate
  • Valid business license/clearance certificates(incl. specific sector licenses e.g. from Approving Boards, Ministries, Authorizing Agencies NEMC, , etc.)
  • Audited annual accounts for the past 3 years and management accounts for the current year (for borrower, parent and subsidiary companies)
  • Recent annual returns filed with registrar of companies
  • Business Plan &Cash flow Projections for the facility period 
  • Other bank’s facilities/bank statement for the past 12 months (if any& for new relationships)
  • Information on related companies/other businesses (sister companies etc. if any)
  • CV’s of list of directors and key management team
  • Business contracts(suppliers, rent, employers e.g.-communication companies)
  • BOQ, building permit (in case of construction & profile of main Contractor), profoma invoices
  • Board Resolution to borrow and give securities
  • Formal application letter
  • Collateral including valuation report done by banks appointed valuer

Note: Additional information/clarification may be required during processing due to nature of the business. 

Where to apply

If you are interested, please locate your nearest NMB branch by clicking HERE, email corporatebanking@nmbtz.com or call +255 222 161164

 

 

SELL
  • USD: 2,285
  • GBP : 2,846
  • EUR : 2,468
  • JPY : 24
  • ZAR : 198
  • KES : 25
  • UGX: 0.7217
  • AUD: 1,765
  • CAD: 1,721
  • CHF: 2,302
  • CNY: 344
  • DKK: 345
  • NOK: 284
  • SEK: 274
BUY
  • USD: 2,165
  • GBP : 2,697
  • EUR : 2,338
  • JPY : 18
  • ZAR : 158
  • KES : 20
  • UGX: 0.5217
  • AUD: 1,665
  • CAD: 1,621
  • CHF: 2,202
  • CNY: 304
  • DKK: 305
  • NOK: 244
  • SEK: 234
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