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Loans

An overdraft is a facility linked to the client’s account, with a previously agreed limit. Since withdrawals may be effected at any time, this type of facility is ideal to pay daily expenses, especially to overcome shortfalls when the client has cash problems.

The overdraft is subject to minimum and maximum limits and the account manager will agree these limits with his/her client.

This is a flexible facility – the client withdraws only the sum that he/she needs at the time and pays only the funds used.

Term Loans A term loan is an advance made by a financial institution for a certain period of time, to be repaid, together with interest, at regular intervals.

Bank guarantees Bid bonds A bid bond indicates that your company has the capacity required to perform a certain work for which it has bid.

It demonstrates to the client that the price quoted is reliable, that the bid submitted is genuine and that your company is firmly committed to the project. It also serves to guarantee payment of the guaranteed amount to the beneficiary (your client).

Performance bonds A performance bond indicates that your company has the techniques and knowledge required to perform the work requested and is prepared to meet the terms and conditions of the contract. It also serves to support your contract and guarantees payment to the beneficiary (your client) in the event of default under the contractual terms.

Advance payment bond An advance payment bond guarantees to the beneficiary (the purchaser) that his advance payment will be repaid if the principal (the supplier) does not fulfil the terms of the contract.

Guarantees for court purposes The bank also issues guarantees for court purposes.

Events & Social Responsabilities

Standard Bank named best sub-custodian bank in Mozambique

During SIBOS 2014, the main world event in the financial industry, held in Boston in the USA, Standard Bank won the award for the best sub-custodian bank in Mozambique. Sub-custody covers both the custody and management of securities.

Standard Bank named best investment bank in Mozambique

Reaffirming its leadership of the Mozambican capital market, Standard Bank was named “Best Investment Bank in Mozambique” by EMEA Finance, at the 2014 “African Banking Awards”.