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• The structuring and placement of your public offering operations on the financial market
• The process of dematerializing your securities up to registration in an account
• The creation of financing vehicles adapted to a given project or operation (project financing, credit securitization, etc.)
• The arrangement and financing of projects through different financial institutions (banking pool)

• Free management with complete freedom to choose your investments
• Recommended management to benefit from the advice of our experts while remaining in control of your investment decisions
• Management under mandate to allow us to make the best investments on your behalf within the limits of your requirements

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Description

The most common credits or cash loans that First Bank offers you are:

Type of credit

• Overdraft facilities: You are waiting for a specific collection while you have to deal with an immediate expense. With this financing, we help you solve this equation by providing you with the liquidity you need.
• Commercial discounts: Your business leads you to extend credit to your customers. You mobilize this credit through commercial paper (bill of exchange or promissory note) over 1 month, 2 months or even 6 months. These delays are often added to a more or less long production cycle. As for supplier deadlines, they are generally very short. Your cash flow is therefore unbalanced. First Bank allows you to rebalance it by providing you with the corresponding liquidity. You can therefore easily meet your deadlines (suppliers, tax authorities, CNPS, etc.) by discounting your commercial paper with First Bank.
• Credits to support public procurement (or public orders): In the group, we benefit from unique expertise in financing public procurement and occupy the leading position in certain countries. Your activity consists of the execution of public procurement (the State, local authorities such as municipalities, departments, provinces, administrations and public or parapublic companies) in the form of purchase orders or letters. The long processing times for your invoices or statements certainly disrupt your cash flow. Thus, they give rise to financing needs. We provide you with fresh money for the continuation of the work in order to allow you to properly execute your contracts.
• Pre-financing credits which provide you with part of the cash flow necessary for the first expenses (supplies in particular). Given our expertise in this field, we assist you in managing your cash flow.
• Investment loans: This component is intended to finance the balance sheet of companies in the growth, diversification or modernization phase of their production tools. This financing covers areas as diverse as the purchase of equipment and production tools, commercial buildings and many others.
• Campaign loans: You are running a seasonal business. This leads to a significant gap between the expenses you have to incur and the expected receipts. Thus, this gap necessarily gives rise to needs. It very often happens that you are unable to meet these needs. Your bank, First Bank, is at your service. We are ready to provide you with the liquidity you need to finance your agricultural campaigns and export products.
• Spot credits: You need a cash advance for a period of a few days or even a few hours. Through this type of credit, First Bank allows you to resolve this one-off need. Benefit from the advantage of having a lower cost than the overdraft.
• Bridging loans: It very often happens that the formalities for carrying out certain financial operations that should allow you to have liquidity are very long. This is the case for the formalities related to the increase in capital, the transfer of an asset from your assets or the release of a line of financing obtained from a lender. You sometimes need the funds corresponding to these operations immediately. We lend you the funds corresponding to the planned financial transaction while awaiting the completion of these formalities.
• Advances on stock: You have the goods in stock in your own stores or in the premises of an approved third party holder (general stores or freight forwarder). This storage has necessarily absorbed a good part of your cash flow. You need financial support to continue developing your business. So don't ask yourself any more questions! First Bank can give you an advance based on the value of your goods.
• Advances on invoices or on statements: Have you delivered goods? Have you provided a service or executed a contract for which payments are split in the form of statements? If so, it may happen that payments are delayed over time with deadlines that can vary between 15 days and several months. During this time, you need cash to continue your activities. We provide you with

Description

First Bank can provide you with assistance in the form of a signature loan. These loans allow you to defer certain disbursements and avoid them. They will also allow you to accelerate cash inflows. The most common signature loans are customs, tax and legal bonds. These include removal credits, temporary admission, transit bonds, bonds for disputed taxes, deposit bonds, etc. The provisional or tender bond, the performance or proper execution bond, the deposit repayment or start-up advance bond and the retention bond are market bonds.

Type of credit

• Removal credits: As part of your import activities, you very often want to remove your goods from customs without having to wait for customs duties to be settled. The administration requires you to produce a bank guarantee called Removal Credits.
• Temporary admission: You are established in a neighboring country or you have customers there. You import goods that must transit through the national territory on behalf of your representation. You import goods for your customers located in a neighboring country. Since these goods do not have the national territory as their final destination, you are exempt from customs duties. However, to ensure that these goods will actually leave the territory at the border indicated on your declaration, the customs administration asks you for a bank guarantee qualified as temporary admission.
• Bank commitment: You often ask the tax administration for an extension to pay your customs duties. Consequently, the tax administration will require your bank commitment called Guaranteed Obligations. Indeed, their objective is to ensure that you will fulfill your obligations within the allotted time.
• Bid or provisional bonds: Your activity consists of the execution of contracts (public or private). Generally, you are asked for a series of bonds. Thus, the bid or provisional bond is one of the elements to be provided to constitute your file and participate in the call for tenders.
• Good Completion: Once awarded the contract, the project owner ensures the completion of the contract for which you are the successful bidder. Then, you must provide another bond called a good completion or good performance bond. This bond will cancel the bid or provisional bond.
• Advance payment: At the start of the work, the project owner is often required to give you an advance. However, to ensure that this advance will be used wisely, you must produce a deposit or start-up advance.

Advantages

• Income in foreign currency
• Interesting exchange rate
• Competitive transfer fees
• Preferential fees

Features

• Accessible to individuals and legal entities wishing to open a bank account
• The account is essentially a credit account
• Banking operations authorized: payments, withdrawals, transfers, etc.

With the SMS First service, receive key information about your accounts on your mobile phone anywhere and at any time. You do not need to be connected to the internet.

Subscription

Your subscription entitles you to:

You can subscribe in an agency during business hours, Monday to Friday from 8:30 a.m. to 5:30 p.m. and Saturday from 9 a.m. to 12 p.m. at the Plateau agency and from 9 a.m. to 3 p.m. at the other agencies. Once in an agency, please follow the following procedure:

• Fill out and sign the form, taking care to specify the telephone number on which you wish to receive alerts;
• Provide a photocopy of your valid identity document (national identity card or passport)

Features

Your subscription entitles you to:

• notifications following any debit or credit movement made on your account;
• checking the balance as many times as you wish;
• regular monitoring of the account: you will receive the status of your account at all times.

Advantages

Features

• Service works on all phone models: no need for a Smartphone
• No need for an internet connection to benefit from SMS First.