Business Banking

Overview

We offer a comprehensive range of business banking services. Our core banking services have been developed to meet the needs of many different types of local and international businesses, of all sizes.

Our considerable resources and detailed knowledge of the Ugandan market coupled with our global presence put us in a unique position to offer organizations world class tailor-made services.

International corporate involvement in Africa is growing, and many major multinationals have recognised the need to implement coherent corporate strategies for Africa as a whole. We can provide comprehensive support to the increasing number of larger businesses with pan-African operations, who may be seeking to co-ordinate their banking arrangements throughout Africa and link those to the rest of the world.

Our capability is enhanced by the use of the latest fibre-optic and satellite technology, which allows on-line handling of domestic transactions. This provides our customers with real time banking, wherever they transact within the country.

A Flexible Range of Business Banking Services

As long-standing specialist providers of business banking services, we understand the expectations that corporate customers have of their Bank.

Barclays caters for all market segments through its specialized funded and non-funded product offerings.

We have the capacity and commitment to support you in your financial requirements locally or where off-shore funding is required, we can structure deals within the global Barclays network.

Funded Products include:

Overdrafts
Money Market lines
Working Capital loans
Term loans
Asset Finance
Mortgages
Discounting facilities
Factoring receivables and Investment Loans

Non-Funded Products include:

Trade and Cash Management Products
Treasury Products and
Custody & Liability products

Trade Finance

A pioneer and leader in the Trade Finance business, we provide you with a comprehensive range of products and services. Our team has a reputation of expert knowledge and provides personalized services tailored to meet the individual needs of our clients. Our global presence puts us in a unique position to facilitate global trade and minimize trade risks to our clients and maximize the returns by applying the available trade products and services.

Products & Services

Our Trade Finance Services offer a range of products that enable our clients to:

Finance operations
Manage liquidity
Mitigate risks inherent in trade

Trade Finance Services offered:

Tailor-made products
Quality service and timely delivery
Competitive pricing
Centralized operations & Global presence.
Linkages with product specialists

Documentary Letters of Credit (LC)

Letters of Credit (LC) are used to mitigate the various risks inherent to international trade. These range from buyer's risk, country risk or most importantly payment risk, the issuing bank guarantees payment to the supplier and the credit worthiness of the buyer is replaced by that of the bank. We offer various forms of LCs including:

Irrevocable Letters of Credit
Revolving Letters of Credit
Transferable and Back-to-Back Letters of Credit

Documentary Collections:

Documentary Collections are ideal for traders who have established Supplier/Buyer relationships. We will facilitate your trade process either by receiving documents from a suppliers' bank for importers or sending documents to an importers bank on behalf of an exporter. Documentary Collections also have no impact on a customer's credit line.

Post Import Financing

Once a buyer receives goods, they may lack the necessary liquidity to pay their supplier immediately. Post-import financing allows for a line of credit to be opened and finance the imports as the buyer awaits payment. Payment is received directly with any additional income being forwarded to the buyer. Post-Import financing can be structured on a rolling basis depending on the customers' needs. This enables the client to enjoy an additional credit period and is less expensive than traditional credit methods such as overdrafts.

Bills discounting

This facility allows an exporter to obtain an advance from the bank, thus increasing their liquidity. The advance is based on the face value of the trade bill drawn by the exporter either on LC or Documentary collection.

Pre-shipment Financing

This facility is to provide an exporter with new sources of working capital at competitive rates, which are tailor made for a client that requires working capital to continue or expand production. This facility may be revolving as it is tailored to the client's production cycle thus allowing the client to access funding before the production and sale of the commodity.

Post-shipment financing

Post shipment financing provides cheaper access to funds after shipment but before maturity. This can be done through negotiation/discounting of shipping documents and can therefore enhance the customer's cash-flow position to focus on core business. To facilitate this, the fulfillment of all the terms and conditions under the export letter of credit is required.

Invoice Disc

We offer invoice discounting facilities (the difference to factoring being that these transactions are not usually backed by documentary instruments (L/C or bill)). At the request of a customer to improve a customer's liquidity or working capital, we will advance 100% invoice value. Once our client forwards to us a complete list of their customers along with the outstanding invoices, we will pay the invoices to our client based on the face value of the invoice minus a negotiated fee. We then discount with recourse to the supplier. The counterparty will not be aware of our arrangements with the supplier. Our client remains responsible for credit control and collection.

Guarantees/Bonds

With Barclays as a guarantor, we undertake to pay the beneficiary, a stated sum should the third party fail to perform an obligation or in the eventuality that an event fails to materialize, we offer our clients an array of Guarantees from Tender/Bid Bonds, Advance Payment Guarantees, Shipping Guarantees, Payment Guarantees and Performance Bonds. Our Guarantees are acceptable locally and internationally.

Cash Management

E-tax Payments

Instant tax payments at the tips of your fingers.

We know that the hassle of paying your taxes can be frustrating. That's why we are offering a service to our customers, which will assist them with e-tax registration and payments. Just another way of making life easier for you our customer!

The following are some of the benefits of our e-tax services:

Our automated system links you to the URA web office for instant and automatic registration and payment of e-tax
Instant notification to URA when the payments are made
Same day value of clearing for Barclays cheques
A uniform charge of UGX 2,000 across all payment modes
Wide network based on our retail expansion where customers (even non-Barclays Bank customers) can access this service from almost anywhere
Dedicated and well trained team at the branches and notification points, as well as, an excellent customer service team to handle any customer queries and complaints

How it operates:

Access an internet point and log on to http://www.ura.go.ug
Select payment registration option and fill in soft copy forms correctly
Choose to pay through Barclays Bank
Print off a Payment Registration Receipt
Present instructions (Cash/Cheque, Real Time Gross Settlements (RTGS), Electronic Fund Transfer (EFT) along with the Payment Registration Receipt (PRR) to any Barclays bank branch for capture

Online Banking - Barclays Integrator

BKnowing the value of time to our customers, Barclays Bank takes great pleasure in launching Barclays Integrator, with a wide range of banking facilities tailored to avail our banking services to you from the comfort of your office desktop or laptop in any part of the world.

Product Features:

Access to Account Information: You will have access to historic and real time account information.

Payments: You will be in position to carry out the following types of transactions at the comfort of your office:

Own Account transfers.
Inter Account transfers (Payments to Barclays beneficiaries)
Local Payments -EFT payments (Payments to Beneficiaries in banks within Uganda)
International Funds Transfers (International payments to banks on the Swift network)
Cross Currency payments.
Direct Debit Payments.
Recurring Payments.
Urgent Payments (RTGS- Real Time Gross Settlement)
Demand Draft Payments.
Bulk File uploads for Salaries, Supplier Payments, Direct debits and Beneficiary maintenance.
Standing Order Instructions.

Trade Services: In addition to the above functionalities on Integrator, the customer will have access to the following trade services;

Documentary Credit: You will be able to initiate an application for Import Letter of Credit (LC) online.
Documentary Collections: You will be able to view and edit import Bills, export bill details present in the host system.
Outward Guarantee: You will have the ability to initiate, edit and view bank Guarantees

What are the Benefits of Using Barclays Integrator:-

Access to Real-time account information.
No software installation or maintenance requirements.
All you need is your existing internet access. This could be through dial ups, lease lines or wireless connectivity
You can initiate transfers anywhere and anytime you please giving you full control of your finances and cash flow.
State of the art security protocol.
Seamless processing which translates improved response times to queries through the online mailing facility.

Hardware Requirements :

Any IBM compatible PC, Apple PowerMac or Apple iMac
Pentium processor (486/66-MHz + recommended)
Memory (32Mb RAM, 128 Mb recommended)
Windows XP, 2000, Vista
Microsoft Internet Explorer 6.0 and above
Screen resolution (1024 * 768)

For more details contact us on:-

Tel: | +256(0)417122331 | +256(0)417122338 | +256(0)417122346| +256(0)417122314

Utility Bill Payments

In a bid to make our customers' lives easier, we offer utility bill payment services. With this service, the customers are able to enjoy the convenience of paying utility bills in a one stop shop and free of charge. We receive payments for UMEME, National Water and Sewerage Corporation, Uganda Telecom, MultiChoice Uganda, and National Housing and Construction Corporation.

Payment options:

Electronically initiated payments via Barclays Integrator

You can use our online banking system (Barclays Integrator) to electronically transmit instructions to debit your account and credit the respective Utilities accounts from the comfort of your office.

Manual payments

Alternatively, you can send written instructions accompanied by a cheque authorising the bank to debit your accounts and credit the respective Utility companies.

Cash and Cheque deposits over the counter

For over the counter cash and cheque payments, the customer fills in customised deposit slips, and submit the slips (in triplicate) to Barclays Bank, together with the payment. The customer can deposit cash or cheques directly at the counters for credit into respective Utility collection accounts.

Benefits of Making Utility Bill Payments With Us:

Flexibility and convenience since there are different payment options
You don't need to visit the Utility bill company office
No need to visit the bank; we can pick up your cheques from your offices
There's no need to physically move with cash
There are no more queues in the banking halls to make your payments
The utility companies are notified on a daily basis of payments made in their accounts

Vehicle and Asset Finance

If you are in the market for vehicles or equipment for your business, there's no need to raise large amounts of capital simply identify the equipment and apply for our vehicle and asset finance product.

Vehicle and Asset Finance is a form of secured lending and can be described as the financing of movable assets, plant and equipment.

The goods (assets) financed must be tangible, movable (including plant and machinery bolted to the floor) and identifiable (exclude gym equipment unless we can identify by tagging ID numbers).

Security

The asset financed form security for the loan until the customer has fulfilled his repayment obligations.

Assets

Motor Vehicles including Trucks and delivery vans, Buses & Passenger vehicles. cars
Tractor heads & Trailers
Agricultural, construction & earthmoving, industrial and manufacturing plant and equipment
IT ,office equipment.
Vending machines.
Moulds
Aircrafts
Forklift trucks.
Cranes, hydraulicself propelled

Products

FlexiLease (Finance lease)

This is a flexible and tax efficient on-balance sheet Finance Lease to fund your plant, machinery, equipment and motor vehicles.

FlexiLease operates like a normal loan giving the customer an option of ownership of the asset at the end of the finance period.

How flexilease works for you:

Security: Unlike normal loans no security is required; the asset financed forms the security.
Deposit: The customer is required to make a deposit of 20%* of the total cost of equipment/Vehicles.
Period: The term of the facility is 2-5 years after which the asset reverts to the customer.
Repayment: The customer pays back the full cost of the asset plus interest and at the end of the specified period/ tenor the equipment reverts to customer.
* The deposit requirement may be less or more depending on the business performance. ** Terms and conditions may apply; subject to compliance with specific regulations from time to time.
Sale and lease back: Sale and lease back is another form of Finance lease where the customer opts to sell their Equipment to Barclays who in turn leases it back to customer. It is a normal finance transaction which can be deemed a money raising transaction for the customer. The above terms apply.

FlexiRent (Operating lease)

Flexirent is an exciting way of borrowing allowing you to manage your capital and cash flow more efficiently. This is a flexible off balance sheet operating lease that offers a wide range of additional benefits!