Corporate and commercial clients benefit

Press, 5 July 1983, Page 28

Corporate and commercial clients benefit

By

DAVID OLIVER,

National Manager Corporate

ONE OF the major benefits of the merger of Broadlands and Broadbank is the greater range of lending services that are available and will become available to small and medium-sized businesses as well as major corporations.

Ail services are available at competitive rates directly from Broadbank without payment of expensive front end fees to middlemen. The much broader base of Broadbank Corporation Limited provides the resources for us to be able to develop and offer innovative products aimed at giving effective assistance across the whole spectrum of businesses. In the business lending areas Broadbank offers expert account officers who understand a client’s financial needs; a full range of financial services; a service tailored to the needs of the client.

To compliment the team of specially selected and trained corporate account officers. Broadbank has an impressive range of services, all now offered under one roof.

© Merger and acquisition financing. ® Project financing. • Underwriting. Although provision of comprehensive services for major corporations is evident it should be recognised that Broadbank has determined to be a major source of finance for the small and mediumsized businesses and is equipped to provide this service. At the same lime as gearing up to provide greater facilities to the small and medium-sized businesses, considerable additional staff selection and training has been undertaken to provide an even higher standard of service to major corporate clients than has previously been possible with lesser resources.

These, and new products in the development stages, make Broadbank a unique organisation.

The services currently provided include: • Business finance for the small and medium-sized business: Hire purchase, chattel securities, trade bills, leasing, debenture, revolving credit accounts, import/export finance.

• Large business and major coporation finance and services: Commercial bills (accommodation, and trade), promissory note facilities, international trade finance (letters of credit, import finance, export finance, bonding). • Foreign exchange service. • Offshore loans. • Term loans.

This, together with the company’s dedication to producing innovative products for the major corporate borrower, will provide a total service second to none in the major corporate market. Broadbank is particularly conscious of the group of businesses that form generally the large private/small public company group which has not had access to the wholesale finance that major public companies have had. Broadbank is particularly interested in helping this category of client because it believes it has the products and the mind to be of positive assistance.

• Syndicated loans

The company’s personnel are highly qualified and experienced and have had considerable experience in industry and commerce at a senior level.