Barclays Business Banking Services in Zimbabwe

Our aim is to build close relationships with our customers, based on an understanding of the key issues in your world. We want you to turn to Barclays first for the solution to your banking needs.

At Barclays in Zimbabwe we are committed to improving the standard of service and developing genuinely rewarding and long-term relationships with our business customers. Barclays Corporate Banking Centre provides a specialised service delivery for business accounts. This centre is staffed by Relationship Managers and Corporate Bankers who are committed to understanding your business and ensuring your day-to-day needs are expedited at competitive cost. A dedicated Relationship Manager is assigned to each individual Business customer.

Our considerable resources and our commitment to Zimbabwe mean that we are able to offer Business customers tailor-made quality services. With our detailed knowledge of the Zimbabwean market we are uniquely positioned to assist in the development of our customers' businesses.

Our capability is enhanced by the use of the latest fibre-optic and satellite technology, which allows on-line handling of domestic transactions. This provides our customers with real time banking, wherever they transact within the Country.

We can also provide comprehensive support to the increasing number of larger businesses with pan-African operations, who may be seeking to co-ordinate their banking arrangements throughout Africa.

Barclays is the only one-stop bank in Zimbabwe, able to offer an unparalleled range and level of Corporate services.

A Flexible Range of Business Banking Services

As long-standing specialist providers of business banking services, we understand the expectations that Business customers have of their Bank.

Our Corporate Banking Centre is responsible for looking after the banking needs of large and medium-sized companies. This team, as well as covering all commercial sectors, has specialist skills in the mining, farming, manufacturing, tourism and commercial sectors.

Our core banking services have been developed to meet the needs of many different types of business and include:

Cash management

• Current accounts in both Zimbabwe Dollars and all major international currencies including the euro.
• The Barclays business current account allows customers to make and receive payments throughout Zimbabwe.
• Call, short-term and long-term deposits or the option to invest in discounted instruments such as bankers' acceptances, treasury bills, commercial paper and bonds.
• Electronic banking though BusinessMaster International, a PC-based service which allows you to control your financial operations from your own PC, thereby reducing administration and improving efficiency.

Foreign exchange

• Foreign currency accounts are on offer in US Dollars, Sterling, Rand and Botswana Pula for individuals and for corporates with export earnings.
• Various deposit products provide customers with the option to invest surplus foreign currency funds and offer competitive interest rates.
• Foreign exchange transactions, including:
• currency switches and swaps;
• telegraphic transfers and SWIFT payments;
• pre and post shipment offshore finance for importers and exporters.

Trade services

Our range of trade finance services is wide, from short-term schemes supporting export turnover to medium and long-term finance for imports of capital equipment under schemes supported by foreign export credit agencies. We have an experienced documentary credit team for all trade using letters of credit. Customers can prepare letters of credit from their own PC and send instructions electronically through a modem to our Centralised Letters of Credit Department, who transmit the information on SWIFT worldwide. For those seeking business protection, we can effect introductions to commercial debtor insurers, and with them create joint financial packages to assist in raising finance for secure international trade.

SME Banking - Barclays Business Solutions

Find out about how Barclays can serve your Business Banking needs. Barclays Business Solutions Whether you are a Sole Proprietor starting your business, or a established business looking to grow, Barclays understands the pressures of running a business in a competitive and changing environment. Leveraging off our global footprint and expertise, it is our job to provide relevant and innovative products and services, and personal support, to help our customers succeed in starting, and growing their businesses. Our Business Solutions offering is constantly being enhanced to meet our customers changing needs. However our philosophy remains one of partnership as we recognise that your success is our success.

Business Solutions Current Account

The Barclays Business Solutions Current Account offers you the security of a bank account with convenient access to your funds at any Barclays Branch or ATM. In addition free monthly statements to assist you in tracking your business activities. A cheque book linked to this account offers the convenience of making payments without having to carry cash. Barclays has designed 3 flexible fee packages allowing you to select a package that best suits your business' unique needs. Barclays also offers a Foreign Currency Account facility (subject to individual country exchange control regulations) and a Community Account specifically designed for Non-profit organisations and NGO's.

To open a Business Solution Current Account you require:

• Company Registration Documents.
• Minimum opening balance of ZWD 50 Thousand.
• Memo and articles of association (if applicable).
• ID and address confirmation of Directors (if applicable).
• CR14 – Certificate of incorporation (if applicable).
• Business Solution Current Accounts offer convenient ATM access via an ATM Card with a daily limit of ZWD 10 thousand.
• 3 flexible pricing options on Barclays Business Solutions Current Accounts are not currently offered in the Seychelles.
• Foreign currency options are not offered on Barclays Business Solution Current Accounts.

* Qualifying criteria for Barclays Business Solutions Accounts are subject to changes. Kindly please contact your local branch for the latest information on these requirements.

Business Solutions Savings Account

Saving is a reality of life, be it for a planned purchase, or security against those unplanned events. Barclays offer a range of saving accounts designed to give you the flexibility to choose the solution that best meets your needs. The Barclays Call Account offers competitive interest with convenient access to your funds at short notice. The Business Solution Savings Account offers competitive interest and convenient access to your funds by being linked to your Business Solutions Current Account. This account is available in local and foreign currency (where applicable). The Business Solution Bonus Savings Account offers bonus interest to a customer if there are no withdrawals from the account for a 3 month period. The Business Solution Fixed Deposit Account is for those customers looking for higher interest rates but who are prepared to commit their funds for a fixed period normally 1 month or more. This account is available in both local and foreign currency (where applicable).

• Minimum investment of ZWD 10 thousand is required for Call or Savings Accounts.
• No foreign currency option is currency offered for Call or Savings Accounts types.
• Statements issued on customer request, or when the statement sheet if full.
• No foreign currency options are available for Fixed Deposits Accounts.
• Local currency minimum investment is ZWD 10 thousand.
• Fixed Deposits offer flexible terms of 7 to 90 days.

* Qualifying criteria for Barclays Business Solutions Accounts are subject to changes. Kindly please contact your local branch for the latest information on these requirements.

Business Solution Loan

Access to finance to start or grow your business is one of the biggest challenges many business people face. Barclays recognise this challenge and offer both Secured and Unsecured lending solutions with flexible terms and competitive interest rates. On a case-by-case basis we are also able to assist customers with Over-draft facilities for working capital requirements, and Commercial Property and Asset Finance.

• You can borrow up to ZWD 20 million unsecured.
• You can borrow up to ZWD 50 million secured.
• Loan accounts offer flexible repayment terms up to 3 years.
• Loan accounts have a once off arrangement fee.
• Where Over-drafts are considered, customers must have operated their accounts for a minimum of 12 months.

* Qualifying criteria for Barclays Business Solutions Accounts are subject to changes. Kindly please contact your local branch for the latest information on these requirements.

Barclays Business Club

The Barclays Business Club is a unique value add offered to Business Solution customers. Membership entitles you to the support of a dedicated Business Development Manager whose job it is to help you grow your business. As a Business Club Member you will also be able to attend the regular Business Club Seminars where you will be able to access in-depth business advice, and learn about the latest business trends, from respected business specialists and leaders. In addition the seminars provide you the opportunity to network with other business people, allowing you to sharing your experiences, and make valuable business contacts. Business Club Members also exclusively receive the quarterly InBusiness Magazine. This informative magazine provides insights into business activity in our markets, and informative articles on how to run your business even better.

To find out more about the Barclays Business Solutions offer...

• Speak to a Business Development Manager or Business Customer Advisor at your local Barclays Branch.

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