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Telegraphic transfers
A telegraphic transfer is an electronic Instruction to send money from one bank account to another – either within Tanzania or another country.
MoreForeign currency draft
A draft is an instruction we give to a foreign bank to pay a beneficiary specified by you. It is for a fixed sum and the value is stipulated in either Tanzanian shillings or the foreign currency
MoreLetters of credit
A letter of credit is a conditional guarantee of payment issued by us to help you with your cross-border trading activities.
MoreGuarantees
A banker's guarantee is a written undertaking in which we agree to make stipulated payments on your behalf if you do not meet or carry out specified terms of a contract.
MoreCollection bills
We will handle your documents in line with your instructions to: • Obtain payment and/or acceptance • Deliver documents against payment and/or acceptance • Deliver documents on other terms and conditions.
MoreStructured trade finance
We offer structured trade finance to various industries through short-term loans. The common markets in this category include agribusiness, energy and oil, telecoms,and textiles.
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