Banks play an essential role in filling the gap between the people with surplus money and those in need of the money to invest and expand. They also offer interest to savers besides taking care of their savings. In addition, banks give home buyers mortgages and offer businesses alternative payment methods.
The good news is that banks are increasingly establishing themselves within residential areas like Parklands to meet more customers. As a result, people no longer have to drive for kilometers looking for a bank. Technology has also found its place in the banking system; now, every bank has a mobile money app to help customers receive and transfer money from the comfort of their cell phones.
Check out the banks in Parklands:
1. The SBM Bank – Parklands Branch
The SBM Bank (Kenya), formally called the Fidelity bank limited, is a subsidiary of SBM bank with its head office in Mauritius. It also offers an extensive range of products and services, including saving, lending, leasing, treasury, custody, etc. In addition, the SBM bank also provides insurance, asset management, and a wide choice of payment services.
Location: Parklands Mediplaza, 3rd Parklands Ave, Nairobi
Contacts: 020 2774550
Google Rating: (no reviews)
2. I&M Bank Ridge Court Branch, Parklands
I&M bank is a registered commercial bank regulated by the Capital Market Authority and the Central Bank of Kenya. Also, it offers various personal banking services, including saving accounts, cards, and transaction accounts. In addition to personal banking, I&M bank provides foreign exchange services, Mpesa express, and insurance.
Location: 1st First Parklands Ave, Nairobi
Working hours: 8.30 am – 4.30 pm
Contacts: 0719 088551
Google Rating: 4.0 stars, (9 reviews)
3. The Paramount Bank
The Paramount bank is a registered commercial bank with many branches across the country. Its services include:
- Business banking (business loans, overdraft, asset financing, etc.),
- Personal banking (personal checking account, current personal account, paramount junior account, etc.)
- Money transfer services
- Diaspora banking
- Digital banking
Location: Diamond Plaza
Working hours: 8.30 am – 4.30 pm
Google Rating: (no reviews)
4. Prime Bank Limited – Parklands Branch
Prime bank is an established private bank in Kenya with several branches nationwide and beyond. It is one of the leading providers of personal loans, mortgages, and insurance. The prime bank also offers a savings account for you and your young one, referred to as a junior account.
Location: 1st Floor Diamond Plaza, Masari Road, Parklands
Working hours: 9 am – 4 pm
Contacts: 020 3753791
Google Rating: (no reviews)
5. HDFC Bank
The HDFC Bank is India’s largest private sector bank and the leading provider of online banking services. It is also an international bank offering exemplary services on personal savings, borrowing, and international money transfer services.
Location: 4th Floor, Office no. 7 Park Suites, Parklands Road Nairobi KE
Working hours: 9 am – 4.30
Contacts: 0709 734000
Google Rating: 4.0 stars, (5 reviews)
6. Gulf African Bank
Gulf African Bank is the first Islamic commercial bank to be licensed by the central bank of Kenya. It is fully operational, following Islamic ethical standards offering all banking services, including:
- Personal banking (women banking, current a/c, saving a/c, diaspora banking, etc.)
- SME banking
- Corporate banking
- International money transfer
Location: PRQ4+395, 3rd Parklands Ave, Nairobi City
Working hours: 8.30 am – 4.30 pm
Contacts: 020 2408400
Google Rating: 3.0 stars, (7 reviews)
7. Co-operative Bank of Kenya
The cooperative bank of Kenya is among the largest commercial banks regulated by the central bank of Kenya. It also offers plenty of banking services to individuals, small businesses, governments, and institutions. It is workers’ and small businesses’ favorite bank for allowing overdrafts.
In addition to being the best for overdraft, the coop bank has more loan options for its customers, including the Msamaria women’s loan, mortgage, construction loan, asset finance, etc., with reasonable payment terms and duration.
Location: PRPF+HP8, Limuru Rd, Nairobi City
Google Rating: 5.0 stars, (1reviews)
8. NCBA Bank – Parklands ATM
The NCBA bank is a famous bank founded after merging the NIC and CBA banks. It is also rated among the best banks in Kenya, offering the most personalized customer services with branches and ATM stations in extensive neighborhoods and towns. Their services include personal banking, business accounts, insurance, and loans.
Location: Nairobi
Working hours: 24 hours
Contacts: 0711 056444
Google Rating: (no reviews)
9. Guardian Bank Limited (GBL) – Westlands Branch
The Guardian bank limited is a registered commercial bank founded by the Chandaria family, one of the leading investors in Kenya and East Africa. It offers several products, including foreign currency, golden, current, and chemi chemi personal accounts. The Guardian bank limited has also grown to be small businesses’ favorite bank for offering favorable loan terms and conditions.
Location: PRP3+5WQ, Mpaka Rd, Brick court limited, Nairobi
Working hours: 9 am – 4 pm
Contacts: 020 4443970
Google Rating: 3.7 stars, (3 reviews)
10. National Bank of Kenya
The National bank of Kenya is registered and licensed by the central bank of Kenya to operate a banking business in Kenya. It offers various services such as personal banking, group banking, current account, corporate banking, etc. It is also one of the leading internet banking providers that enable customers to conduct their banking transactions in the comfort of their mobile phones.
Location: Victoria Building, Nairobi
Working hours: 9 am – 4 pm
Contacts: 020 2077373
Google Rating: 3.3 stars, (10 reviews)
11. Fina Bank Limited – Westlands Branch
Fina bank limited was a small financial institution that developed into the most SME favorite commercial bank. Therefore, its primary focus is to offer SME and business sector quality financial solutions. Its services include deposit, salary saving, western union, corporate banking, insurance, etc.
Location: Apic Centre, Muthithi Rd, Nairobi
Working hours: 8.30 am – 5 pm
Contacts: 020 3740730
Google Rating: (no reviews)
Conclusion
Banks are increasingly becoming part of our daily lives since the introduction of mobile money and lipa na Mpesa. They offer convenient and safe payment and money transfers; as a result, there is a significant decrease in theft and use of fake money. Mobile money has also reduced congestion at the banks, especially during the end months when people receive their salaries.
