Government & Public Sector

• Are you looking for a solution to efficiently manage government and donor related project funds while benefitting from reduced administration and the ability to automate transactions?
• Do you need the ability to hold project or government funds while earning competitive tiered rates of interest or paying interest only for the overdrawn / utilized amounts?
• Are you struggling with fewer and expensive collection points for government dues, taxes, pension contributions and revenue that are consequently affecting your ability to provide services to the public?

Our range of multi-channel cash management solutions are tailored to ensure your ministry, government agency efficiently manages and most importantly affordably collects and makes payments. We also provide for pooling and sweeping options enabling the bank to pool your collections into a defined liquidity management structure and transfer to nominated accounts for management by the government agency / ministry / parastatal or Bank’s treasury.

Discover our vast liquidity management solutions below

Branch collections

• Access our integrated revenue collections accounts that avert potential revenue leakages while providing your government agency / ministry / parastatal convenient digital collections, and addressing your reconciliation challenges
• We handle collections through our branches and agent locations spread over 200 locations and growing countrywide to your nominated accounts
• We process direct debit instructions enabled by EFT, inter-account transfers, standing orders, RTGS solutions.
• Cheque collection and processing to your government agency / ministry / parastatal account

Mobile and internet banking collections

• Direct credit to the government agency / ministry / parastatal nominated account enabled through mobile and internet banking through any of the following transaction types - EFT, RTGS, standing order or direct credit
• With our internet and mobile banking services, you can also securely monitor and control your government agency / ministry / parastatal accounts, make inter / intra-account transfers, view all your banking information from anywhere without having to visit the bank

Transactional solutions

• Manage cash flow and keep control of your global government agency / ministry / parastatal finances with our multi-currency accounts – discover our single fee, interest-bearing, collections, and pay as you go solutions

Investor and custodial services

• Let us help you optimize your pooled funds to achieve your goals.
• Take advantage of our dedicated custodial and investor services team to manage your investments in government securities on the secondary securities market by offering you competitive options
• Access safekeeping and securities management services
• Get reconciliation and reporting support through a robust custodial management system

Payments

• Access multiple payments administration options for the government agency / ministry / parastatal to simplify all processes
• Access multiple disbursement solutions for social payments hosted on our mobile wallet and internet banking platforms
• Enjoy the ability to overdraw your institution's operational accounts to support quick payment processing based on cycles
• Accelerate your government agency / ministry / parastatal internal procurement, simplify spending, reduce paperwork, streamline travel expenses and administrative costs with our Business VISA card

Foreign exchange

• Get a free electronic trading platform with dedicated support from the Bank’s treasury team
• Carry out foreign exchange transactions at your convenience
• Lookup rates and market data through our electronic trading platform
• Get access to pre-and post-trade decision-making tools
• Benefit from the expert analysis of BOA Dealers

Several project and operation related costs amid collection or fund allocation delays can stifle agency or ministry's cash flow when you need to deliver on multiple projects as an entity or agency. Besides, emerging technology and equipment costs increase exponentially as you grow requiring significant capital injections.

Our financing solutions are built with your government agency / ministry / parastatal in mind. We come in as partners to further your vision in an affordable and responsible manner.

Discover our affordable financing solutions for government agencies / ministries / parastatals below.

• Social payouts: Meet project and other social services planned payouts without any delays with our overdraft facilities on your operational account – discover our overdraft solutions. Book an appointment here to meet with our Institutional Banking teams.
• Working capital: Finance your government agency / ministry / parastatal working capital requirements for operations, payroll, inventory, receivables and more. See our working capital solutions
• Asset acquisition: Are you looking to import some vehicles, materials, office equipment for your government agency / ministry / parastatal but are unable to meet the capital-intensive purchase, tax and transport cost requirements? Improve your payment terms or reduce your cost of funding with your overseas supplier - discover our letters of credit, import finance, asset finance and import bills of collection solutions
• Commercial property: Are you looking to acquire new premises for your government agency / ministry / parastatal? Discover our commercial mortgage solution to support your institution's growth ambitions
• Insurance premium payments: Protect your government agency / ministry / parastatal cash flow by eliminating the need to pay for machinery, fleet and other assets’ insurance premiums upfront. Discover our insurance premium finance solution to get started today

Our government agency / ministry / parastatal services banking model is for all your stakeholders. No matter the level, we will help make it easy to access world class financial services for all your stakeholders.

Discover our banking options for your stakeholders below:

• Personal Banking - Our Corporate Personal Banking service is an exclusive relationship-based offer to commissioners, directors, senior management and other civil servants in your agency, ministry, or parastatal. Your Corporate Personal Banking Relationship Manager compliments your business relationship with us and makes it easier for you to manage all your finances together. Our assistance ranges from management of payroll services, pension plans, group insurance to personal loan requirements. Discover our special rates on our personal banking suite
• Suppliers - Your suppliers and contractors will benefit from our competitive trade finance solutions as they undertake various projects for you. These solutions to them also save you the significant cash flow requirements you need to ensure they deliver on time. Discover our Business Banking opportunities