NMB’s initiative to re-emphasize the importance of trade finance products is expected to boost local and international trade within the business community in Tanzania.
The Bank’s Trade Finance products target both existing and potential Customers across all the segments from MSE to Corporate Customers who require trade finance solutions to support their business.
Trade finance is essential for local and international trade. This financial intermediation will help NMB Customers to manage risks inherent in international transactions, improve their liquidity and enable them to optimally invest to enhance their growth.
The objective of NMB Trade Finance Campaign is to unveil NMB’s strength and capability in trade finance, raising awareness and understanding of trade finance products and solutions as well as encouraging Customers to use them for financing and risk mitigation of their day to day business.
NMB Trade Finance offers working capital (pre and export financing, inventory financing, post import financing and supplier and distributors financing), products which mitigate trade risk (Letters of credit, documentary collection and import bills confirmation to suppliers) and bank guarantees (bid guarantee, performance guarantee, advance payment guarantee and payment guarantee).
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