Prudential Business Savings Account (PBSA)
PBSA is a savings package purposely designed by the bank to provide financial assistance for customers wishing to expand or set up new businesses. The account holder qualifies for a loan up to 125% of the balance on the account after it has been operated satisfactorily for a period of 6 months.
Prudential Welfare Savings Account (PWSA)
PWSA is another savings package designed to assist the account holder to buy some basic household items such as TV, Cooker, Refrigerator, furniture, etc. or pay medical bills, educational bills and meet urgent family commitments. The account holder qualifies for a loan up to 120% of the balance on the account after operating the accounts satisfactorily for 6 months.
Fixed / CALL / Certificate of Deposits:- All branches of PBL offer the various types of deposit investment products to both customers and the general public.
The Fixed Deposits durations are one month, three months, six months and one year.
Customers can also place the excess funds on their current account(s) on CALL Deposits at a negotiated but attractive interest rate.
Certificate of Deposit is a type of deposit that customers can invest in and maintain some level of anonymity. The investment is redeemed or paid to the bearer of the certificate at maturity.
Funds Transfer:- Funds transfer is effected through our Remittance Services offered to both customers and the general public using our Foreign Branch.
Cash Collection:- PBL offers cash-collection services to its customers throughout the week. Customers whose businesses require the Bank to collect cash from their business premises / houses / shops can arrange with the Bank for this type of service to be provided.
Bonds and Guarantees:- Bid, Performance, Advance Payment Bonds etc., are issued by the Bank on behalf of its customers to enable them Bid for certain contracts and /or execute such contracts.
Credit Facilities:- PBL provides short-term, medium-term and long term financing facilities tailored to meet customers’ needs. The quantum of assistance would however depend on factors such as the amount required, satisfactory operation of account(s), security being offered, etc. For further information, please contact your Branch Manager.PROJECT FINANCE
PBL through its Project Finance Department provides medium and long-term credit facilities to customers of the Bank. Particularly, the services include the following:
- The rehabilitation of existing industrial enterprises;
- The expansion of existing industrial enterprises;
- The establishment of new industrial enterprises;
- The acquisition and development of irrigation facilities;
- The acquisition of capital assets.
|
