Business Banking Products

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1 Bank on better Business Banking Products OUR BUSINESS IS ABOUT COMMITMENTS 1

2 Reliable banking products for smart businesses At National Bank, we believe that you need a reliable banking solution to help you grow your business. That s why we offer you our business banking products so that while you work hard to run your business, we work hard to support you. 2 1

3 Business Savings Account Provides a convenient saving solution for your business, plus easy access to your cash reserve. Tiered attractive interest rates for balances over Kshs 500,000 No restriction or charges on deposits into the account Free standing order set up from National Bank Business Current account Can be opened in local currency and foreign denominated currencies It is designed for unlimited deposits with only one withdrawal per quarter One free over the counter withdrawal per quarter Minimum account opening and operating balance of Kshs 5,000 No monthly account maintenance fee * Terms and conditions apply Business Current Accounts Consisting of investment, transaction and lending solutions, this account is tailored to complete all your business basic needs. The account is available in Kenya Shillings and in designated foreign currencies No minimum operating balance Opening balance at Kshs 5,000 Free monthly statements Free internal transfers within National Bank branches Sweeping arrangements may be made to transfer funds automatically from your current account to other accounts in your National Bank portfolio Cheque book available Monthly maintenance fee of Kshs 300 Dedicated foreign exchange officer to keep the client informed of daily market trends & changes Professional Account Specially dedicated to professionals who are looking to earn genuine returns, while incurring fair bank charges. Business Transactional Account Designed to offer affordable day to day banking services to enable you to achieve your business goals. No minimum opening & operating balance Zero maintenance fee Zero cash handling fee Pay as you use Free e-statements Access to trade, working capital & asset finance No charge on over the counter withdrawals and deposits No charge on internal transfers from one account to the other within National Bank No charge on incoming wire transfers. No minimum operating balance requirement No charge on monthly statements Free processing of salaries for staff with accounts in National Bank Preferential higher rates for deposit will be offered with room for negotiation On term deposits, the indicative rates will be regularly advised by the relationship and branch managers to all professional account holders. Relationship managed to provide personalized service and financial advice. 2 3

4 Elimu Collection Account Specifically designed to give a more cost effective fee payment solution for learning institutions. Access to cheque book Access to a business overdraft or loans. Free statements Access to internet banking Attractive Interest rates for balances over Kshs 500,000 National collection services for institutions engaged in mass retail receipts Payment solutions to assist customers with large payrolls to process salaries with ease Competitive foreign exchange rates No cash handling fees on deposits Managed banking costs for students, as no charges are levied on cash deposits at any of our outlets No charge on incoming wire transfers Term Deposits Term deposits offer a secure way to grow your money, while giving you the flexibility to choose a term that fits your financial needs. Benefits Competitive / attractive interest rates Varying maturity term periods to suit customer needs Interest computation on daily balances Margin accounts can be used as security for loans and overdrafts Institutional Account Offers all the essential tools for easy management of funds to enable the growth of non-governmental organizations. The account is available in Kenya Shillings and in designated foreign currencies Minimum opening balance of Kshs 20,000 Minimum operating balance of Kshs 100,000 Free cash deposits and withdrawals Charge-free account No maintenance fees & ledger charges Free cheque book & statements Free inward TT s Free local outward transfers Attractive forex rates, forwards, spots & swaps & auto sweeps /covers Jenga Biashara Account This is a low priced transactional account meant to fulfill the Micro-market appetite whilst offering convenient business banking solutions. Opening balance at least ksh.200 Nil operating balance Zero rated ledger fees Minimal ATM withdrawal charges of - Ksh.30 per transaction Over the counter withdrawal ksh. 100 per transaction No limitation on withdrawals. No access to cheque book. Minimal opening requirements and procedures. 4 5

5 FINANCIAL SERVICES We re making it our business to make your business more successful At National Bank, our commitment to help your business grow doesn t end with our business accounts. We ve gon further in tailoring financial services that not only provide continuity to your business but also give you a complete peace of mind. Asset Finance In addition to helping you acquire movable and capital assets, National Bank s asset finance allows you to use the obtained assets as security. New motor vehicle Deposit / down payment minimum 10% of cost Minimum amount from Kshs 300,000 Maximum repayment period of: 48 months (for commercial use) 60 months (for personal use) Used motor vehicle Deposit / down payment minimum 20% of cost Minimum amount from Kshs 300,000 Maximum repayment period of: 36 months (for commercial use) 48 months - (for personal use) Maximum age of the vehicle is 5 years Benefits Flexible interest rates Affordable monthly repayments Quick processing of application Financing of both new and used vehicles Insurance premium finance available Requirements Individual (sole proprietors/partnerships) Certified copy of PIN and National Identification card Latest 6 months bank statements Certificate of registration (if proprietor or partnership) Copy of log book (used vehicle) Valuation report from authorized valuer (used vehicle) Companies Certified copies of memorandum and articles of association Certified copy of certificate of incorporation Latest annual returns and filing receipts Board resolution authorizing the borrowing Other terms and conditions Duly executed hire purchase agreement Joint registration receipt Three blank transfer forms Comprehensive insurance cover for one year Directors joint several and personal guarantee and indemnity Rights of set off 6 7

6 Trade Finance Products From tendering solutions, performing contracts, expanding businesses to working capital, we re dedicated to providing you with easy, convenient and less risky trade finance solutions to ensure that your international transactions are trouble-free. Jenga Biashara Loan Jenga Biashara loan is a credit product specifically designed to cater for financing requirements of Micro and Small Enterprises (MSEs). Letters of Credit (LC) A Letter of Credit facility allows you to offer secure payment terms to your suppliers or exporters abroad, while ensuring the prompt delivery of the goods and services they require. Benefits We offer our import clients the facility of opening both confirmed and unconfirmed Letters of Credit depending upon their needs We arrange for confirmation of Letters of Credit by a range of world-class international banking institutions. Documentary collections National Bank s documentary collection facility helps you manage all your import and export process so your business can operate efficiently. Import documentary collections Boost your trading relationships by reassuring your suppliers of their payment, while safeguarding your title to the goods. Wish to receive immediate value for goods shipped under a Letter of Credit or Collection. Want to avoid the delays associated with cross-border presentation, mitigates cross-border and foreign bank risks. Bills avalisation We undertake to honour payment of bills of exchange from the supplier on your behalf, so you can enjoy complete peace of mind knowing that payment will be made. Pre & post-import financing Pre-shipment finance helps you in growing your business by providing you with working capital finance to purchase goods, purchase raw materials, warehousing, or to arrange for the transportation of your goods. Post shipment finance helps you overcome the demands of exporting activity, allowing your business to maintain its cash flow. Flexible collateral requirements Convenient & easy access through wide distribution network. A safe, secure and solid financial intermediary Dedicated & knowledgeable Micro Bankers Export documentary collections Simplify the process of receiving payments from importers, while safeguarding your title to the goods until payment has been received or documents have been accepted for payment. Negotiation of export bills We negotiate on your behalf to help your realize the proceeds faster and easier especially if you; Bank guarantees We provide credibility to any deal your business is involved with by ensuring that in the event you re unable to deliver on your promises of goods, services or equipment, your client will be fully reimbursed. Our guarantees range from tender guarantees (bid bonds), performance and payment guarantees, customs guarantees, advance payment guarantees, shipping guarantees and more. Property Financing At National Bank we offer various suitable products for individuals or businesses looking for financing to build or construct a residential or commercial property. The following types of finance options are available for you: Owner occupied residential -for a loan to purchase a property that the borrower intends to occupy as the primary home, we shall lend up to 90% of the value of that property. Investment residential - financing required for a property considered an investment and not intended for owner occupied as the primary home of the borrower. Equity release and top-up loans - as you repay your mortgage, you acquire equity in that property which can be availed to you for further property development or other uses. We can lend you money on the value of your own equity. Occupied residential loan. Only developed residential properties will be considered for this loan type. Construction loan - this is a facility to finance the construction of a residential or a commercial property. Residential plot purchases - this is a product that is intended to extend money to people who want to buy a property to develop a residential house upon the plot. 8 9

7 Local Purchase Order (LPO) Financing Because the continuity of your business is important, our LPO financing offers you with reliable financial support so you can focus on growing your business. Insurance Premium Financing National Bank s insurance premium financing is the best solution that will give you peace of mind by helping you pay your premiums with ease. We simply give you loan against your insurance premium bills and pay the proceeds directly to your insurer. Cheaper additional working capital Finance up to 80% of the value of the LPO Flexible security requirements Quick approval process Maximum tenor of 120 days depending on the terms of the LPO and benefits The minimum qualifying premium amount is Kshs 25,000 The maximum amount depends on your insurance premium Easy installments over a maximum period of 10 months We offer competitive interest rates Manage your cash flows through flexible repayment plans Available to both account and non-account holders Application requirements Duly completed application form Executed Insurance Premium Finance Agreement endorsed by the insurance company Pro forma / Invoice Financing Improve your business cash flow by turning your unpaid invoices into cash Different types of financing include: Export Invoice financing for financing commercial invoices issued to buyers. Import invoice financing for financing proforma invoices issued by suppliers. Working Capital Finance Working capital finance provides you with a smart and affordable financial solution to help you meet your expenses so you can focus on growing your business. We offer the following products tailored to meet the short-term funding needs of business: We offer the following products tailored to meet the short-term funding needs of your business: Overdrafts Pro forma / Invoice financing Local purchase order (LPO) financing 10 11

8 Treasury services Equipped with efficient and innovative professionals, we re committed to making businesses better through managing risks and being well prepared for regulatory market changes. OTHER SERVICES We re offering you a rich banking experience Whether you re looking for convenience or innovative financial solutions, at National Bank we provide a range of genuine financial services to not only match your needs but to also help you operate more efficiently. You can opt for: Forward transactions This is a commitment to buy or sell a specific amount of currency at a fixed exchange rate on a future date. Spot transactions This allows buying and selling a specific amount of foreign currency at a specified exchange rate, for settlement in a given number of working days Benefits Helps to manage your risk in currency and interest rates. Provides solutions to reduce volatility of earnings, protect benchmarks and other selective strategies that are consistent with your objective, while balancing a trade off between risk and reward. Some of our products include: Strategic and countrywide outlets for competitive foreign currency trade in telegraphic transfers, drafts and bank notes. Real time gross settlement transfers at competitive charges. Spot trades in major currencies against the Kenyan shilling. Fixed term deposits on major currencies at highly competitive rates. Cross currency trading in international markets. Cash management Specially tailored to provide you with innovative, relevant and value added financial solutions so you can have greater control of your money. Our range of solutions fall under: Payments solutions Collections solutions Liquidity management Channels and electronic banking 12 13

9 Internet Banking Whether your schedule doesn t match our bank s operating hours or you re looking for convenience, then internet banking is for you. National Bank s online banking offers you a wide range of services that comes with adequate security to suit your financial needs. Benefits User friendly services; quick to download and easy to explore Saves you time by making money transfers and bill payments without visiting your branch Download your account information into a range of money management programs Cut down on paper work by stopping your postal statements Perform banking transactions E-statement services Key Contacts Mobile Banking Take advantage of our mobile banking services to access our banking services anytime, anywhere at the comfort of your mobile phone. Nairobi (Head office): +254 (0) , +254 (0) , +254 (0) , +254 (0) , +254 (0) Coast: +254 (0) Kisumu: +254 (0) Eldoret: +254 (0) Nakuru: +254 (0) With National Bank you can access: Account balance, Utility bills payments, Statement requests, Interest and exchange rates information, Order cheque books or stop cheques, Fund transfers Pin change and more

10 Regional Contacts NAME OF THE BRANCH BUILDING STREET TOWN 1 AWENDO MIGORI ROAD AWENDO TOWNSHIP 2 BOMET TILIL PLAZA BOMET TOWNSHIP 3 BUNGOMA KENYATTA AVENUE BUNGOMA 4 BUSIA UGANDA ROAD BUSIA 5 CHANGAMWE REFINERY PLACE REFINARY ROAD CHANGAMWE MOMBASA 6 EASTLEIGH EMIRATES SHOPPING MALL EASTLEIGH NAIROBI 7 ELDORET NEXT TO KDV HOUSE UGANDA ROAD / OLOO STREET ELDORET- CBD 8 ELDORET AIRPORT TERMINAL BUILDING ELDORET - KAPSABET ROAD ELDORET 9 EMBU EASTERN EMPORIUM BUILDING KENYATTA HIGHWAY EMBU TOWN 10 GARISSA IBNU ABASS PLAZA MIRAA ROAD GARISSA TOWN 11 HARAMBEE NATIONAL BANK BUILDING HARAMBEE AVENUE NAIROBI- CBD 12 HILL BRANCH NHIF BUILDING NGONG ROAD NAIROBI 13 HOSPITAL KENYATTA NATIONAL HOSPITAL NAIROBI 14 ICD KENYA PORTS AUTHORITY- CONTAINER DEPOT CONTAINER ROAD NRB - INDUSTRAIL AREA 15 J.K.I.A ARRIVALS J.K.I.A. ARRIVALS UNIT J.K.I.A. NAIROBI 16 J.K.I.A CARGO CARGO TERMINALS NAIROBI 17 KAKAMEGA WALIA S SHOPPING CENTRE KAKAMEGA - KISUMU ROAD KAKAMEGA 18 KAPSABET KAPSABET - ELDORET ROAD KAPSABET 19 KARATINA COMMERCIAL - OPP. OPEN AIR MARKET KARATINA TOWNSHIP 20 KENYATTA AVENUE ICEA BUILDING KENYATTA AVENUE NAIROBI 21 KENYATTA UNIVERSITY STUDENTS BUSINESS CENTRE THIKA SUPER HIGH WAY KENYATTA UNIVERSTY 22 KIAMBU KIAMBU ROAD KIAMBU TOWN 23 KIANJAI HELENA PLAZA OFF MAUA ROAD KIANJAI TOWNSHIP 24 KILINDINI PORT MSA BL.111 KIPEVU KILINDINI ROAD MOMBASA 25 KISII HOSPITAL ROAD KISII TOWNSHIP 26 KISUMU OGINGA ODINGA ROAD KISUMU CBD 27 KITALE SUNGURA STREET KITALE TOWN 28 KITALE - ATM KHETIA SUPPERMARKET KITALE TOWN 29 KITENGELA KITENGELA CAPITAL CENTER NAIROBI - NAMANGA ROAD KITENGELA TOWNSHIP 30 KITUI BIASHARA / KILUGYA STREET KITUI TOWN 31 LIMURU MAIN STREET LIMURU TOWN 32 MACHAKOS NGEI ROAD - NAIVAS SUPERMARKET MACHAKOS TOWN 33 MALINDI ELITE PLAZA LAMU ROAD MALINDI TOWN 34 MAUA MAUA - ISIOLO ROAD MAUA TOWNSHIP 35 MERU NJURI NJEKE STREET MERU TOWN 36 MIGORI EMICUS PLAZA MIGORI TOWN 37 MOI UNIVER. ELDORET MOI UNIVERSITY ELDORET MAIN CAMPUS 38 MOI.INTER. AIRPORT MOI INTN L AIRPORT MOMBASA PORT REITZ ROAD MOMBASA 39 MOI S BRIDGE ELDORET -KITALE ROAD MOI S BRIDGE TOWN 40 MOLO MAIN STREET MOLO TOWN 41 TECHNICAL UNIVERSITY OF MOMBASA MOMBASA POLY UNIVERSITY COL. TOM MBOYA RD.TUDOR MSA. MOMBASA 42 MTWAPA MTWAPA - KILIFI ROAD MTWAPA TOWNSHIP 43 MUTOMO OFF KITUI ROAD MUTOMO MARKET 44 NAKURU OPPOSITE MERICA HOTEL KENYATTA AVENUE NAKURU TOWN 45 NANDI HILLS NANDI TOWERS NANDI HILLS TOWN 46 NAROK NAROK - MAI MAHIU ROAD NAROK TOWN 47 NKRUMAH NKRUMAH ROAD MOMBASA CBD 48 NYERI SOHAN PLAZA KIMATHI WAY NYERI TOWN 49 ONGATA RONGAI RESCOM HOUSE MAGADI ROAD ONGATA RONGAI TOWNSHIP 50 PORTWAY HOUSE BRANCH OWN BUILDING MOI AVENUE MOMBASA CBD 51 RUIRU KINGARA BUILDING KENTATTA AVENUE RUIRU TOWN 52 ST PAUL UNIVERSITY ST.PAUL S UNIVERSITY 53 THIKA ZUHURA PLACE KENYATTA ROAD THIKA TOWNSHIP 54 TIMES TOWER TIMES TOWER - GROUND FLOOR HAILE SELLAIE AVENUE NAIROBI 55 UKUNDA TIOSGIMA COMPLEX DIAN ROAD UKUNDA 56 UPPER HILL (TSC BUILDING) TSC BUILDING UPPER HILL NAIROBI 57 WESTLANDS VICTORIA PLAZA PARKLANDS ROAD WESTLANDS - NAIROBI 58 WILSON AIRPORT WILSON AIRPORT ENTRANCE OPPOSITE TOLL STATION 59 NSSF AGENCY NSSF BUILDING BISHOPS ROAD NAIROBI 60 GREEN SPAN GREEN SPAN MALL DONHOLM ROAD,DONHOLM NAIROBI EAST 61 SAMEER BUSINESS CENTRE SAMEER BUSINESS CENTRE MOMBASA ROAD NAIROBI 62 SEKU SEKU UNIVERSITY CAMPUS KITUI 63 WAJIR BRANCH ADJACENT TO THE OLD MOSQUE ALONG MASJID UN NUR STREET WAJIR TOWN 16 17

11 Call us on , (020) ; or visit any of our branches. National Bank of Kenya National Bank_Limited 18