THE CENTRUM BANK OF PAKISTAN

This slideshow requires JavaScript.


Arivista group is the authorize franchisee of Centrum bank limited,

Now opening 72 branches in all over the Pakistan.

Centrum Bank Limited is a subsidiary of First Merchant Bank Limited (FMB), Malawi.  FMB has been operating in Malawi since 1995 and it was the first private sector bank to be granted a commercial banking license in Malawi.

FMB has shown remarkable growth over years and in the year 2002, FMB acquired a 100% shareholding in one of the largest leasing companies in Malawi, Leasing and Finance Company of Malawi Limited.

FMB is the only bank in Malawi which received Bank of the year award by the Banker magazine, for four consecutive years i.e. 2002, 2003, 2004 and 2005. FMB issued shares to public in June, 2006 and the same are listed on Malawi Stock Exchange.

FMB holds 51% shares of Capital Bank and the remaining shares are held by others including local shareholders of Botswana. Thus it is the first bank in Botswana with local private shareholders.

Centrum Bank provides all types of banking services and aims to achieve highest standards of customer service.

SAVINGS  ACCOUNTS
Savings Account is available to those clients who wish to save for the future and still maintain convenience and flexibility.
Features and Benefits

  • To encourage Savings Account holders to continue to save and to build up the balance, the Bank pays a very attractive rate of interest.
  • Minimum balance of P 500
  • Cheque Book facility
  • ATM and Visa Debit Card facility
  • Internet Banking facility
  • Unrestricted number of withdrawals

Qualifying Criteria

1.     Clients must be 18 years and older.

2.     Omang for Botswana citizens or Passport for foreign nationals.

3.     Proof of residence (such as a water or electricity bill).

4.     Residence permit and work permit for non-citizens

CURRENT ACCOUNTS
Current Account is an affordable, transactional account that adds convenience to your life and revolves around your everyday banking needs. As the most popular and convenient form of banking in use today, the account has a fluctuating balance which the current holder may utilise to pay for every day goods and services.

Features and Benefits

  • Minimum balance of P 1,000
  • The Bank will pay credit interest at competitive annual rates
  • Cleared deposits may be drawn anytime by using cheques
  • ATM and Visa Debit Card facility

Qualifying Criteria

1.     Clients must be 18 years and older.

2.     Omang for Botswana citizens or Passport for foreign nationals.

3.     Proof of residence (such as water or electricity bill).

FIXED/CALL  DEPOSITS

Fixed Deposit Account is available for investors seeking capital security. This is an investment account for a lump sum that will not be needed for a specified period of time. The interest rate is guaranteed for the term of the investment.

Features and Benefits

  • Minimum deposit of P 10,000
  • The account may be opened for different  periods according to the needs of the customer
  • Attractive interest rates are paid
  • Interest is payable on maturity of  Deposit

Qualifying Criteria

1.     Clients must be 18 years and older.

2.     Omang for Botswana citizens or Passport for foreign nationals.

3.     Proof of residence (such as water or electricity bill).

LOANS AND ADVANCES

Overdrafts
An overdraft is an annual, renewable credit limited loaded on to your current account to enable you manage your working capital requirements.

Loans
Terms loans repayable in fixed periodic installments over periods of up to 5 years are availed to clients seeking to finance specific projects or capital expenditures.

For clients in receipt of foreign currency earnings, loans in foreign currency are also available.

Letters of Credit
The bank will establish letters of credit on behalf of importers to guarantee payment to their overseas suppliers if goods supplied conform fully to the conditions of the letter of credit.

Bonds and Guarantees
The bank provides its customers with a variety of bonds and guarantees in favour of third parties including bid and performance bonds, supplier guarantees and customs duty guarantees.