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Accounts Service:
Our corporate accounts products include
- Corporate Current Account / Corporate Call
Accounts
With our Corporate Current / Call Accounts, you will have an access to our Branch
Network stretched all over the country.
Our Customer Service and Corporate Representative Officers located in our main branches
will help in managing your cash flow properly.
NBAD Egypt offers a competitive interest rate, subject to the amount and tenor
NBAD Egypt is ready to accept your deposits and outward transfers with a one day
notice, subject to the amounts.
Our Corporate Current / Call Accounts are suitable for Corporations, municipalities,
financial institutions and Non Profit Organization.
* Available for EGP and all major foreign currencies
* Unlimited issue of cheque books
* Unlimited inter account and inter branch transactions
* Standing Instructions between NBAD-Egypt branches
* Access to our Branch Network stretched all over the country
* Sweep facility for end of day balance transfer to Corporate Call account
* Dedicated Customer Service and Corporate Representative Officers assigned to each
account - Fixed Time Deposits
NBAD Egypt offered a wide range of fixable tenors to cope with your cash flow starting
from 1 or 2 weeks. - Certificate of deposits
Inward/ Outward Payment:
-
Local Payment
NBAD Egypt offers a wide range of local payment instrument starting form
Banks Draft, Certified checks to wire transfer through the Central bank of Egypt
SWIFT system.
NBAD don't have fixed times for SWIFT transfers as we understand our
customers needs, our branch operation team will assist you to remit the funds within
30 Minture - International Payment
NBAD enjoys a strong presence in most of GCC countries and in major Financial Centers,
such as Washington DC, London, France and Switzerland.
NBAD also enjoys a strong
corresponding relationship with top international Banks in USA, Europe and Asia
Our international network will support your need for swift inward collection and
outward remittance.
- Short & Long term Finance
NBAD Egypt provides
a full range of funded solutions in local and foreign currencies including:
1- Working
Capital Finance through Overdraft and Short term loans
2- Export Finance through
Bill discounting
3- Capital Expenditure Finance through Medium to Long Term Loans
NBAD scope of business includes most of the sectors that currently driving the Egyptian
economy such as Tourism, Industry (Oil & Gas, Cement, Fertilizer, Iron and Steel…etc.)
, Real Estate, …etc.
- Syndications & Investment
NBAD syndication and investment
team offers global capabilities with local delivery. NBAD is one of the most active
banks in the GCC syndicated loans markets. We have been working with government,
financial institution, Corporate in said field for more than 15 years.
Our scope of business
includes
* The participation of local currency syndicated loans and fixed income instruments
* The underwriting and Co-arranging foreign currency Syndicated Loans
* Provide Capital Expenditure finance for Egyptian Corporations
who are willing to expand regionally in any of the markets that NBAD exist in.
Contingent Finance:
NBAD Egypt provides a full range of indirect solutions in local and foreign currencies
including
- Letter of Guarantees
* Bid Bonds to allow our corporate customer bidding for various offered tenders
* Performance Bonds which is normally a percentage of the rewarded contract
* Advance Payment Bonds to guarantee the cash received from the Beneficiary in the
form of down payment.
* Retention bond which the beneficiary of the contract requires to hold for a certain
period of time after delivery of goods / services or concluding construction.
- Financial Guarantee
* In some case International Corporation require Financial Guarantee covering part
of the open A/C (Supplier Facilities) extended to their local partners, NBAD provide
such LG to its top tier corporate customer.
* With the presence of most of international corporation MENA offices in UAE , particularly
in Dubai, the need of such LG is escalating nowadays.
- Documentary Credit & Documentary Collection
With our Regional network and strong corresponding relation with more than 600 banks
worldwide, NBAD is able to support your import and export Business
- For Export Operations (After TFO consent)
* Documents are checked within – hours of receive
* Documents in order are dispatched within ---- hours of receive
* Weekly follow up for pending Documents
* Payments are made with same value date
* Avalization Bills can be discounted upon the beneficiary request
- For Import Operations (After TFO consent)
* For Documentary Collection, Form 4 is delivered with --- hours of receiving the
request
* For Documentary Credit, DC is opened with --- hours of receiving the request.
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