Trade and Treasury

Trade and Treasury

Finbank’s Treasury prides itself on its efficiency, reliability and provision of competitive prices. Our fully-fledged Treasury division offers forex management to protect our clients against currency risk, assist both our corporate and retail clients in investing in fixed income securities and overall cash management. We have a lean, dedicated workforce within the Treasury division who continually keep track of both local and international market changes to ensure that our clients are protected and well catered. Our team is committed to fair dealing practices and serving the customer with diligence.

Foreign Exchange Trading

We enable our customers to buy and sell foreign exchange. We have developed a stable source of foreign exchange receipts which we avail to our clients so as to conduct trade, send money overseas or make payments for services.

Features

• Sales and purchases of foreign currency

• FX funding for import finance transactions

• Available in major currencies

• Negotiable rates

Benefits

Investment in securities

Finbank invest in Treasury bills and Treasury Bonds on behalf of customers for a competitive commission (negotiable)

• Treasury bills issued in maturities of 13,26 and 52 weeks

• Treasury bonds issued in maturities from 2 to to 10 years

• Securities issued by The Central Bank of Burundi through a weekly auction

• Coupons for bills are paid at maturity, for bonds annually

Letters of credit

A letter of credit is issued by banks so as to enable easier trade. A bank issues a Letter of Credit or LC confirming that a payment will be made for goods and services upon the completion or fulfilment of certain pre-agreed conditions. Usually an LC is issued by the importer to the exporter through their respective banks.

• Have sufficient funds on behalf of the customer

• Presentation of an import license duly validated by a local commercial bank

• Meet at our counters the request to open a letter of credit

Transfers

This enables our clients to transfer money in and out of the country so long as they comply with local regulations.

• Comply with the regulations on imports of goods or payment services in a foreign currency

Term deposits

This is for insurance companies, high net worth individuals, savings societies and other companies with significant cash balances. We offer term-deposits for a range of tenors at competitive interest rates pegged on on-going market conditions.

• Fixed deposit for a certain period of time

• Minimum balance of BIF 100,000,000

• Competitive fixed Interest rate.

• No monthly maintenance charges.

• Interests compounded daily and paid monthly.

• The tenor range from 1 month to 1 year

Capital Market

• Holding customers’ securities for safekeeping so as to minimize the risk of their theft or loss. FINBANK holds securities and other assets in electronic or physical form;

• Advise on offers of securities to the public or a section of the public;

• Carrying the business of buying or selling of securities as an agent on behalf of investors in return for a commission.

Inter-bank placement

Inter-bank placements at Finbank are like short-term loans that one bank gives to another. This service is essential for keeping the banking system running smoothly, helping banks manage their day-to-day cash flow and short-term funding needs effectively.

• It pays competitive fixed Interest rate.

• No monthly maintenance charges.

• Interests are compounded daily and paid either quarterly or annually as per your request.