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CORPORATE BANKING
Tailored financial solutions for your business growth

Corporate Account Requirements

  • Initial deposit.
  • Certificate of Incorporation.
  • Memorandum and Articles of Association.
  • CR14 & CR6.
  • Valid Tax Clearance (ITF 263).
  • Local authority operating license.
  • Directors’ Identity Documents (IDs and Proof of residence).

Benefits

  • Attractive tax free interest on savings and investments.
  • Access to corporate loans and overdraft facilities.
  • Convenience of around the clock banking with the Online Banking platform.
  • Access to a wide physical distribution network of 32 branches nationwide.
  • Access to the Bank’s International Banking Services to facilitate across the border transactions.
  • Corporate can be issued with a ZimSwitch enabled debit card which allows for ease of transacting.
  • Access to Merchant POS Machines to facilitate card based transactions.
  • Low bank charges.
  • Accounts can be used for salaries processing.
  • Dedicated Account Relationship Manager.
  • Assurance from banking with a tried and tested financial institution.

A corporate account enables registered companies to carry out their day to day business transactions with convenience. Corporates also have the option to open Nostro FCAs..

Apply Now

SME Account Opening Requirements

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Tax clearance certificate
  • CR14 & CR6
  • Directors’ original and clear photocopy of ID ( National ID, Driver’s License or valid passport)
  • Directors’ current proof of residence ( Latest utility bills; letter from employer, Headmaster, Chiefs, or District office)

Benefits

  • Low bank charges.
  • Attractive tax free interest on deposits.
  • A ZimSwitch enabled debit card can be issued to allow ease of transacting.
  • Access to a ZimSwitch enabled POS machine to facilitate card based transactions.
  • Access to around the clock banking with CellBank, ‘On the Go’ App and Online Banking platforms.
  • Customers can also access loan and overdraft facilities at low interest rates.

This is an account targeted at Small to Medium Businesses and Sole proprietors to enable them to meet their daily transactional requirements with ease. The SME account is ideal for SMEs in all economic sectors other than agriculture..

Apply Now

Investments Banking CERTIFICATE OF DEPOSIT Benefits/Key selling Points

  • Guaranteed investment returns
  • Investment periods are flexible (30,60,90 days)
  • Competitive nontaxable interest offered

This is a short-term investment facility in which one can deposit money into the bank and receive certificates entitling him/her to a non-taxable fixed interest from the investment..

Apply Now

Investments Banking BANKER’S ACCEPTANCES

  • Interest Rate -> Negotiated with Treasury
  • Terms -> 30, 60 and 90 days
  • Competitive nontaxable interest offered

A short-term credit investment created by a company and authorised and guaranteed for payment by the bank. It’s a short-term financing option for corporates..

Apply Now

Investments Banking CALL ACCOUNT Benefits/Key selling Points

  • Access to loans.
  • Secure, simple and convenient.
  • Funds available on demand.

An investment account where one can receive a competitive interest on the balance. The minimum balance required is higher compared to other transactional accounts..

Apply Now

Corporate loans Requirements

  • Business plan/ project proposal/company profile
  • Financial statements as follows:
    Income statement
    Balance Sheet
    12 months cash flow projections
  • Registration documents:
    Certificate of incorporation
    Memorandum and articles of association
    CR14
    Local authority operating license
  • Corporate account held with POSB for at least 6 months
  • Security, preferably immovable property, shares (Copy of title deeds and a current evaluation report)
  • Proof of business premises
  • Directors documents (Copy of national ID card and proof of residence dated within 3 months)

Benefits

  • Flexible repayment periods
  • Amounts are negotiable
  • Most favourable rates on the market

Corporate loans provide corporates with access to working capital as well as capital expenditure finance. Overdrafts allow a company to draw from its account even when it has no funds. They enable corporates to bridge temporary financing gaps..

Apply Now

Agribusiness Loans Minimum Requirements

  • Agribusiness or corporate account operated for at least 3 months.
  • Cover application letter for the required facility.
  • Official tenure of land (original offer letter, title deed or lease agreement from titleholder).
  • Brief business profile and proposal to cover current operations, proposed enterprises, marketing arrangements and project management structure.
  • Certified copy of national identity documents and proof of residence (individual applicant and/or company directors).
  • Insurance policies cover; keyman’s life, crop/ livestock, farm machinery/equipment, and loan protection.
  • Current banking arrangements with other banks. (Bank, branch, account number, branch/relationship manager, time with the Bank.)
  • Cash flow projection covering the tenor of the facilities being applied for.
  • Tobacco growers to also submit grower’s number.
  • Attach copies of quotations from reputable suppliers for Capital Items to be financed.
  • Cash budget for crop to be produced (outlining prices of inputs and output as well as expected profit).
  • Production schedule outlining hectarage, timelines and expected yields.
  • Irrigated/dryland farming (to be stated clearly in a brief business outline).
  • Collateral: immovable property with title deed and valuation report/ cash deposits/investments personal / group guarantees (Terms and Conditions apply.)

The loans are ideal for all agribusinesses and the maximum loanable amounts depend on the size of the business, asset value and ability to repay. The agribusiness loans include order financing, working capital, bridging loan facility, bank guarantees and asset financing. The loans can be issued to an agribusiness or a group of agribusinesses where they can guarantee one another in order to reduce default risk..

Apply Now

School Development Loans Asset Financing

  • Under this arrangement, the Bank remains the legal owner of the asset until it is fully paid up by the customer. Thus the Bank and the customer/school enter into a Lease Hire agreement whereby the school would be expected to pay agreed rentals (principal loan plus interest) for an agreed period of time. The asset will be comprehensively insured and the cost being borne by the customer. Other operating costs such as maintenance and servicing of the asset will be borne by the customer. Upon full payment of the extended loan, ownership of the asset will be transferred to the customer.

Additional Requirements

  • School Account which receives school fee payments with POSB and has operated for at least 1 month.

The loan can be used to finance income-generating projects, and renovations as well as purchasing assets like school buses. The loan facility caters for (1) working capital loans (e.g. for income-generating projects and renovations) and (2) asset financing facilities (e.g. to purchase school buses, trucks and passenger vehicles)..

Apply Now

Corporate Account Requirements

  • Initial deposit.
  • Certificate of Incorporation.
  • Memorandum and Articles of Association.
  • CR14 & CR6.
  • Valid Tax Clearance (ITF 263).
  • Local authority operating license.
  • Directors’ Identity Documents (IDs and Proof of residence).

Benefits

  • Attractive tax free interest on savings and investments.
  • Access to corporate loans and overdraft facilities.
  • Convenience of around the clock banking with the Online Banking platform.
  • Access to a wide physical distribution network of 32 branches nationwide.
  • Access to the Bank’s International Banking Services to facilitate across the border transactions.
  • Corporate can be issued with a ZimSwitch enabled debit card which allows for ease of transacting.
  • Access to Merchant POS Machines to facilitate card based transactions.
  • Low bank charges.
  • Accounts can be used for salaries processing.
  • Dedicated Account Relationship Manager.
  • Assurance from banking with a tried and tested financial institution.

A corporate account enables registered companies to carry out their day to day business transactions with convenience. Corporates also have the option to open Nostro FCAs..

Apply Now

SME Account Opening Requirements

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Tax clearance certificate
  • CR14 & CR6
  • Directors’ original and clear photocopy of ID ( National ID, Driver’s License or valid passport)
  • Directors’ current proof of residence ( Latest utility bills; letter from employer, Headmaster, Chiefs, or District office)

Benefits

  • Low bank charges.
  • Attractive tax free interest on deposits.
  • A ZimSwitch enabled debit card can be issued to allow ease of transacting.
  • Access to a ZimSwitch enabled POS machine to facilitate card based transactions.
  • Access to around the clock banking with CellBank, ‘On the Go’ App and Online Banking platforms.
  • Customers can also access loan and overdraft facilities at low interest rates.

This is an account targeted at Small to Medium Businesses and Sole proprietors to enable them to meet their daily transactional requirements with ease. The SME account is ideal for SMEs in all economic sectors other than agriculture..

Apply Now

Investments Banking CERTIFICATE OF DEPOSIT Benefits/Key selling Points

  • Guaranteed investment returns
  • Investment periods are flexible (30,60,90 days)
  • Competitive nontaxable interest offered

This is a short-term investment facility in which one can deposit money into the bank and receive certificates entitling him/her to a non-taxable fixed interest from the investment..

Apply Now

Investments Banking BANKER’S ACCEPTANCES

  • Interest Rate -> Negotiated with Treasury
  • Terms -> 30, 60 and 90 days
  • Competitive nontaxable interest offered

A short-term credit investment created by a company and authorised and guaranteed for payment by the bank. It’s a short-term financing option for corporates..

Apply Now

Investments Banking CALL ACCOUNT Benefits/Key selling Points

  • Access to loans.
  • Secure, simple and convenient.
  • Funds available on demand.

An investment account where one can receive a competitive interest on the balance. The minimum balance required is higher compared to other transactional accounts..

Apply Now

Corporate loans Requirements

  • Business plan/ project proposal/company profile
  • Financial statements as follows:
    Income statement
    Balance Sheet
    12 months cash flow projections
  • Registration documents:
    Certificate of incorporation
    Memorandum and articles of association
    CR14
    Local authority operating license
  • Corporate account held with POSB for at least 6 months
  • Security, preferably immovable property, shares (Copy of title deeds and a current evaluation report)
  • Proof of business premises
  • Directors documents (Copy of national ID card and proof of residence dated within 3 months)

Benefits

  • Flexible repayment periods
  • Amounts are negotiable
  • Most favourable rates on the market

Corporate loans provide corporates with access to working capital as well as capital expenditure finance. Overdrafts allow a company to draw from its account even when it has no funds. They enable corporates to bridge temporary financing gaps..

Apply Now

Agribusiness Loans Minimum Requirements

  • Agribusiness or corporate account operated for at least 3 months.
  • Cover application letter for the required facility.
  • Official tenure of land (original offer letter, title deed or lease agreement from titleholder).
  • Brief business profile and proposal to cover current operations, proposed enterprises, marketing arrangements and project management structure.
  • Certified copy of national identity documents and proof of residence (individual applicant and/or company directors).
  • Insurance policies cover; keyman’s life, crop/ livestock, farm machinery/equipment, and loan protection.
  • Current banking arrangements with other banks. (Bank, branch, account number, branch/relationship manager, time with the Bank.)
  • Cash flow projection covering the tenor of the facilities being applied for.
  • Tobacco growers to also submit grower’s number.
  • Attach copies of quotations from reputable suppliers for Capital Items to be financed.
  • Cash budget for crop to be produced (outlining prices of inputs and output as well as expected profit).
  • Production schedule outlining hectarage, timelines and expected yields.
  • Irrigated/dryland farming (to be stated clearly in a brief business outline).
  • Collateral: immovable property with title deed and valuation report/ cash deposits/investments personal / group guarantees (Terms and Conditions apply.)

The loans are ideal for all agribusinesses and the maximum loanable amounts depend on the size of the business, asset value and ability to repay. The agribusiness loans include order financing, working capital, bridging loan facility, bank guarantees and asset financing. The loans can be issued to an agribusiness or a group of agribusinesses where they can guarantee one another in order to reduce default risk..

Apply Now

School Development Loans Asset Financing

  • Under this arrangement, the Bank remains the legal owner of the asset until it is fully paid up by the customer. Thus the Bank and the customer/school enter into a Lease Hire agreement whereby the school would be expected to pay agreed rentals (principal loan plus interest) for an agreed period of time. The asset will be comprehensively insured and the cost being borne by the customer. Other operating costs such as maintenance and servicing of the asset will be borne by the customer. Upon full payment of the extended loan, ownership of the asset will be transferred to the customer.

Additional Requirements

  • School Account which receives school fee payments with POSB and has operated for at least 1 month.

The loan can be used to finance income-generating projects, and renovations as well as purchasing assets like school buses. The loan facility caters for (1) working capital loans (e.g. for income-generating projects and renovations) and (2) asset financing facilities (e.g. to purchase school buses, trucks and passenger vehicles)..

Apply Now

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A leading financial institution, providing a range of banking services including savings, loans, and corporate banking.

Follow Us

Facebook Twitter Youtube Instagram Linkedin

Newsletter

Download our APP

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