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Overview
Instruments designed to offer credit facilities to customers. The customer draws bills which the Bank discounts at the applicable discount rate. B/As are bills of exchange drawn by Zimbabwe’s private sector to finance various transactions for specified periods at an agreed rate and then accepted by Agribank as an obligation in our books to the bearer on behalf of borrowing clients.
Features and Benefits
  • Discount rate quoted by Treasury and fluctuates every day
  • Commission is charged for the facility
  • Accessibility - Customers obtain easy and immediate access to cash
  • Flexibility - Bills can be rolled-over if no funds are available on maturity
  • Interest - Offers a different rate structure to overdrafts
  • B/As are negotiable instruments hence they are traded on the secondary market once accepted by the bank