SME Banking

In today’s competitive business environment you need a bank that fully understands the nature of your business and offers solutions that support your unique needs.  We pride of having a good understanding of the banking requirements of Small and Medium Enterprises (SMEs), and with our wide range of SME products tied up to a host of benefits and value-adds, we are confident of being your right business partner. 
 
ABC Capital Bank offers the following services to SMEs: 
 
        1. Bills Discounting:
          This is done when sales are on credit and secured by accepted Bills of Exchange. The seller may use these bills to improve their cash flow by discounting the same. ABC Bank provides funds to the customer and waits for reimbursement from the drawee (buyer) of the bill at maturity. 

        2. Invoice Discounting:
          This happens when sales are on credit. The seller uses these invoices to improve their cash flow by discounting the same. ABC Bank provides funds to the customer and waits for reimbursement from the buyer of the invoice at maturity. 

        3. Letter of Guarantee: It is a non-cancelable financial commitment by the bank which is given towards the timely payment of a fixed amount up to a maturity date, subject to terms and conditions. 
        4. Bonds:
          The types of bonds include Bid, Performance, Transit and Shipping bonds, which are issued by the bank on behalf of the customer. They allow for the specified no-funded transaction to take place. 

        5. Letter of Credit (L/C):
          This is an unconditional undertaking issued by the bank on behalf of the buyer (applicant), favoring the seller (beneficiary) that provided the stipulated documents. They are presented confirming that terms and conditions of the L/C have been complied with, and then payment is done. The L/C assures the buyer that the seller will perform before being paid and the sellers are assured that payment will be received, provided that terms and conditions are compiled with. ABC Bank offers international and local L/C products. 

        6. Pre-shipment Finance:
          This facility enables the exporter to access funds that will help in preparing the goods  for export. It is normally supported by confirmed export order. 

        7. Post Export finance:
          This facility enables an exporter to access funds against proceeds expected from goods that have been exported. 

        8. Documentary Collections:
          The seller may develop a level of trust with the buyer to the extent that goods will be shipped to the buyer even before payment has been made. Documents (including transport documents) will then be sent through the banking system. The seller's bank will instruct the buyer's bank to release the documents on fulfillment of some conditions. Documentary collections help the seller to control documents and title to goods while assuring the buyer that the goods have been shipped.
CURRENT ACCOUNT 
 
This current account is made specifically to address the needs to small and medium sized business customers, as individuals or as businesses with registered business permits. With unlimited cash and cheque book transaction, this account gives you the convenience of managing your day to day financial transactions with ease. Our Relationship Officers are dedicated to be the most accessible SME Bankers, ready to help you do your day to day banking and grow your business.
 
 How to open an SME Current Account
 
      1. Original and Copy of ID 
      2. Two Passport Photos of each signatory
      3. Particulars of directories
      4. Original and Copies of Memorandum and Articles of Association, Registration Certificate and Director's Resolution
 
ABC Capital Bank SME Current Account features & benefits
The account can be operated in these currencies: Uganda shillings, US Dollars, Sterling Pounds or Euro.
 
      1. Unlimited cash and cheque book transactions
      2. Discounted rates on banker’s cheques
      3. Opening balance UGX. 100,000, KES. 5000, EURO. 100, GBP. 100, USD. 500
      4. Minimum balance: NIL
      5. Access to overdraft (conditions apply)
      6. Sweep facility to any other account within the bank (no need to physically transfer your money from one account to another)
      7. Iternal transfers
      8. Mothly statements
 
OTHER CURRENT ACCOUNTS
 
Foreign Current Accounts
Opening balance USD 500 GBP/EURO 100 ; Cash handling fee 1% on cash deposit
 
Fixed Deposits Accounts
With very competitive interest rates for your term deposit the bank offers the following options:
 
        1. Fixed Deposits Account with interest paid on maturity. This product offers the client an opportunity to choose whether interest should be compounded or paid to an operative account upon maturity of the deposit. Renewal is automatic if the client so wishes & the account can be opened in either local or foreign currencies. The minimum balance is Ugx. 1,000,000  This account has no charges.
        2. Fixed Deposits Account with interest paid monthly for the life of the deposit. Renewal is also automatic & the minimum balance is only Ugx. 1,000,000.
 
Flexi fixed Account
This is ideal for businesses running an Overdraft account, as it acts as security for the overdraft as it can be accessed in time of need.
 
For more information or to open an account contact a Relationship Officer on tel: 0414345200   Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or visit any of our branches.