Category: Cooperate Banking

With our current account tailored to meet the needs of learning institutions we facilitate easy and convenient collection

• Free daily E statements.
• Free cash deposits and withdrawals
• No minimum balance charges
• No restrictions on number of transactions
• Interest on deposits

Fixed/Term deposits are deposit services where you can deposit money with the bank at a fixed term for an agreed contractual interest rate. The service is offered in various currencies i.e. USD, GBP, and EURO

Call deposits are deposits where you can place a deposit with the bank at agreed contractual rates with the option of drawing the deposits/funds at will.

• Competitive interest rates
• Can be opened in foreign currencies i.e. USD, GBP, and EUR

For more details, please contact our Relationship Managers at any of our branches.

Conveniently pay your iTAX through cash or account debit at any of our branches countrywide. All you need to do is present the E-Slip at any of our branches whereby we will ascertain the validity of the details and then process your tax payment providing you with the confirmation advice.

Our Range of Trade Finance Products include:

• Import letters of credit

This is a written undertaking by the Bank at the request of its customer, in which the bank is obligated to pay the supplier (beneficiary) up to a stated amount within a prescribed time frame, upon presentation of documents that conform to ALL the terms and conditions requested by the applicant.

• Export Letters of credit

Advising of an LC issued by the importer’s bank in favor of our customer locally at the request of its customer (the buyer) in favor of the seller where the issuing bank undertakes to pay.

• Back to back Letters of credit
• Transferrable Letters of credit

This is a written, irreversible guarantee from us, assuring the beneficiary of payment in the case that our customer doesn’t fulfill their contractual obligation.

These cover;

• Bid Bonds
• Performance Bonds
• Advance payment guarantees
• Credit guarantees
• Financial guarantees

• Pre-Shipment Financing
• working capital finance prior to shipment or delivery of goods.
• Post Import financing
• Negotiation

The bank confirms that the customer will honor a certain future payment by signing on a bill of exchange on behalf of its customer.

Receiving Import & Export documents on behalf of our customers.

With our Specially designed Bulk Salary processing service tailored for employers, we facilitate fast and efficient payments to your employees from the convenience of your premises.

All you need to do is fill the account details of your employees on our bulk payment file and submit to us at any of our branches and we will transfer funds immediately to your employees’ accounts at minimal transaction charges.

We recognize that protecting your business can bring with it a hefty premium and that is why we mitigate your risk exposure through our insurance premium funding. You can’t afford to leave your valuable equipment or premises unprotected due to cash flow constraints and through our Insurance premium financing, we help you break down those large sums into affordable payments thereby giving you all the protection you need.

• Lending to persons or companies to cover the cost of an insurance premium.
• Competitive interest rates.
• Post-dated cheques held as security.

For more details, please contact our Relationship Managers at any of our branches.

Opportunity favors the bold and that is why we are focused to help you seize the moment as you grow your business through our Asset backed finance solutions. Whether the opportunities be in construction, transport, manufacturing, quarrying, printing, processing or material handling; we have you covered.

• Financing of Assets not exceeding 6 years old.
• Repayment starts one month after disbursement.
• Asset purchased held as security.

For more details, please contact our Relationship Managers at any of our branches.
 

Whether you’re moving to a larger office or buying equipment, we can help unlock your company’s potential with assorted loan options and credit facilities.

We offer Overdraft facilities designed to meet your working capital requirements in form of fluctuating limits renewable yearly.

We offer Short, Medium or long-term credit facilities to finance your business expansion, acquisition of fixed assets or purchase of commercial property.

• Loan repayments are up-to 6 years.
• The Bank charges commitment fees of 1-2% charged per annum
• Acceptable securities to be offered by the clients

For more details, please contact our Relationship Managers at any of our branches.

At M-Oriental Bank, we understand the market you operate in and we will help you grow your business by providing tailored solutions for the various stages of business you are in, through our corporate current accounts attainable in major currencies (KES, USD, EUR, GBP)

We are also aware that a ‘one size fits all’ solution may not be suitable to you and that is why we are happy to sit down with you to understand your financial needs and provide a tailor-made banking solution to meet your requirements.

• Opening Balance Kshs. 5,000/=
• Free Monthly Statements
• Free Daily statements via e-mail
• Overdraft facilities available on request by client at competitive interest rates.
• Cheque book as per tariff
• No minimum balance charges

For more details, please contact our Relationship Managers at any of our branches.