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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 joins the Gorongosa Business Club

Standard Bank is, as from 3rd of September, a member of the Gorongosa Business Club, an initiative that aims to encourage and involve the Mozambican business community, or the business community operating in Mozambique in the noble effort to restore one of the most emblematic natural reserves in Africa and worldwide.

Standard Bank donates incubators to Jose Macamo General Hospital

As part of its Corporate Social Responsibility, Standard Bank has proceeded, on 20th of August in Maputo, the formal delivery of two neonatal incubators and diverse hospital equipment to the paediatric ward of the Jose Macamo General Hospital, as a contribution of this financial services provider in the government’s efforts to help reduce child mortality in the country.