National Bank partners with Defence Forces to offer Agent Banking


National Bank partners with Defence Forces to offer Agent Banking
National Bank partners with Defence Forces to offer Agent Banking services
Nairobi: Wednesday, April 15th, 2015: National Bank has announced a strategic
partnership with the Defence Forces Canteen Organization (DEFCO), to provide Agent
banking facilities within the barracks as the bank seeks to enhance its distribution networks
across the country.
The bank will partner with 27 DEFCO shops across the barracks on Agent banking where
customers will be able to withdraw, make deposits, check balances, get mini-statements
pay school fees and buy goods and services at subsidized rates across the Country.
Speaking at the signing ceremony, National Bank Managing Director and CEO, Mr. Munir
Sheikh Ahmed said that the partnership reflected National Bank’s commitment to taking
financial and banking services closer to its customers.
“The partnership we have signed today with DEFCO will provide easy, innovative and
convenient access to unlimited Agent banking services to the military officers residing in the
barracks and by extension National Bank’s customers.” said Mr. Ahmed.
The partnership will also enable National bank to advance loan facilities to military officers
residing in the barracks across the country.
Commenting on the deal, the Managing Director DEFCO, Brigadier (Retired) Michael
Macharia lauded the partnership with National Bank and said that it will go a long way
towards offering affordable banking services within the barracks across the country.
“The dynamism in the banking sector has allowed for innovation and collaborations as
banks seek different ways to meet the needs of their customers and this partnership is a
testament to that effect,” said Macharia.
The Bank recently announced strategic partnerships with Kenswitch, the national payments
switch provider, and Post Bank, as it moves to enhance its distribution networks across the
The new partnerships now provide all National Bank customers access to 1,200
Kenswitch’s ATMs services across East and Central Africa and also provision of agency
banking services at the 99 Post Bank branches and 800 Post Bank Mashinani Agents
The bank also launched its new internet application, Nat Connect and mobile application,
NatMobile, which offers a convergence of solutions delivering both banking services and
financial information on customer’s mobile phones and through the internet.
About National Bank
National Bank is a fully fledged Commercial Bank listed on the Nairobi Securities Exchange
and established in 1968 to provide Kenyans access to finance. It has since grown to be one
of the largest commercial banks in the country with staff of 1600, a growing network of 73
branch outlets across the country, 125 ATMs and electronic channels of Mobile and Internet
Banking. National Bank participates in Corporate Banking, Business Banking, Retail
Banking and Islamic Banking with an extensive portfolio of products and financial solutions
tailored for the requirements of a broad spectrum of customer segments it serves.
For any enquiries, please contact;
Bernadette Ngara
Director, Marketing and Corporate Communications
Mobile: +254 (0) 711038869, or 2828869
Email: [email protected]