Banks perform a critical role in society. They are fundamental for the growth and development of an economy. Gone are the days when you could live with your cash in-house to carry your transactions.
With banks, every transaction is made online without necessarily having to commute. For instance, commuting can be costly and time-consuming if you are transacting cash to a person in London and you are from Spring Valley Estate. But with available banks in your residence, you’ll transact your business in a second.
Besides, banks are responsible for safeguarding your cash.
Whether you are a business person, a real estate marketer, or an ordinary person, you cannot neglect the importance of banks. Moreover, banks give loans to industries, farmers, companies, and self-employed people who are essential to fulfilling economic development.
That shows the need to reside in an area exposed to several financial institutions. Read through this blog to know Spring Valley’s banks and their residents’ benefits.
1. ABC Bank
ABC, African Banking Corporation, is a financial institution established 37 years ago. The bank has from then grown to other 11 branches countrywide. Besides, ABC Bank is licensed by the Central Bank of Kenya, which ensures they provide reliable services.
ABC Bank is mandated to provide efficient financial services to its customers, including investment advisory, banking, insurance, stock brokerage, and risk management.
The following are services that ABC Bank offers:
- Internet banking
- Diaspora banking
- Personal Banking
- Treasury services
- Custodial services
Location: Woodvale Grove, Nairobi
Working hours: 8:30 am – 5 pm
Contacts: 020 4447352
Google rating: 4.4 stars, (15 reviews)
2. Diamond Trust Bank
It is one of the NSE, Nairobi Security Exchange regional banks in Nairobi. Diamond Trust Bank has been in existence for around 70 years. Over the years, DTB has proved dependable and convenient through frequent expansion in its services.
Furthermore, DTB creates an inclusive environment for entrepreneurs who undergo financial challenges. You can depend on financial advice from DTB’s diverse workforce for your next financial activity.
DTB banking services include:
- Insurance
- Money Transfer
- POS acquiring
- Digital channels
- Treasury
Location: Westgate Shopping Mall
Working hours: 9 am – 5 pm
Google rating: 4.2 stars, (12 reviews)
3. Credit Bank – Westlands
Are you looking to experience cost-effective and innovative financial services? Credit Bank exists for this reason while offering other services.
Credit Bank works closely with customers to enable them to realize their business and personal dreams by giving them tangible experience. Besides, it offers loans to its customers with negotiable terms.
Location: Westlands
Working hours: 8:30 am – 4 pm
Contacts: 020 2222300
Google rating: 4.0 stars, (2 reviews)
4. GT Bank
Do you want to experience banking in the comfort of your home, school, or workplace? GT Bank offers convenient online financial services to its customers. It is well-designed with modern technology, allowing unlimited access to your current accounts. Besides, GT Bank provides a flexible accounting process where you can manage your finances efficiently and anytime.
In addition, GT Bank will keep a record of your online transactions.
GT bank will work best for companies, corporations, or individuals who want convenient financial services.
Location: Sky Park
Working hours: 8:30 am – 4 pm
Contacts: 0703 084000
Google rating: 4.0 stars, (14 reviews)
5. Cooperative Bank
A cooperative bank is among the widely used banks in Spring Valley. The bank promotes social, environmental, and economic growth by providing excellent financial services.
Besides, Cooperative Bank has earned several awards for its effective services. Additionally, the bank embraces new technology, providing beautiful banking experiences for the customers.
The following are some of the values that make Cooperative Bank recommendable:
- Innovation
- Passion to excel
- Trustworthy
- Courageous workforce
Location: 15, Nairobi
Working hours: 9 am – 4 pm
Contacts: 0736 690101
Google rating: 3.8 stars, (10 reviews)
6. National Bank
National Bank aims to solve financial problems for its customers. It is a well-known bank in Kenya with branches all over the country.
National Bank provides services to corporates, individuals and business enterprises. Being a member of the National Bank, you are encouraged to save and invest, acquire a loan, and pay within a given time.
National Bank also encourages corporate development by providing treasury services, transactional solutions, treasury bond trading, and banking services.
Furthermore, National Bank provides different ways of banking, including school fee payments and open Diaspora Account.
Location: Victoria Plaza
Working hours: open
Contacts: 0703 088900
Google rating: 3.3 stars, (10 reviews)
7. Standard Chartered Bank Total Spring Valley ATM
It is one of the leading banks that strives to help entrepreneurs prosper in their businesses. The bank has existed for a long time providing transaction, saving, borrowing, and investment needs.
Besides, Standard Chartered Bank provides financial services to international and local people. The bank has created an inclusive environment that allows subscribed members to rely heavily on fulfilling services. Over the years, Standard Chartered Bank has won several gifts, which makes it an option to consider.
Location: Total
Working hours: open 24 hours
Contacts: 020 3293900
Google rating: 1.0 stars, (1 review)
8. I&M Bank Spring Valley Branch
I&M Bank is one of the most serving banks in Spring Valley. It was established in 1974 and transformed into a commercial bank later.
I&M Bank is owned by a public company called the I&M Group PLC. However, it is on the NSE, Nairobi Security Exchange list. Besides, the bank offers a wide range of retail and corporate financial services.
I&M Bank has evolved from a private financial institution providing services to a particular community to a significant financial institution to the public.
Recently, the bank proposed a policy to allow NSE to publicly trade their shares in the complete acquisition of I&M Group PLC, which is the bank’s founder.
I&M Bank is recommended for the following reasons:
- Fairness
- Mutual respect
- Innovativeness
- Promoting Shareholder value
- Serving customers passionately
Location: Spring Valley Business Park
Working hours: 9 am – 4:30 pm
Contacts: 0719 088036
Google rating: no reviews
9. NCBA Bank – ABC Branch
It is one of the banks that provides extensive and friendly services to Spring Valley residents. The bank has a rich history of retail banking and innovation expertise. NCBA Bank aims to provide financial services in tandem with your business growth. It tailors itself to serve your specific needs.
Over the years, NCBA Bank has been the preferred bank for your asset finance needs. Furthermore, it has partnered with AMREF Flying Doctors and allows its customers to enjoy discounts in case of health emergencies.
You’ll benefit from specific services as an NCBA Bank member, including borrowing, saving, insuring, investing, and transacting.
Location: Abc Place, Nairobi
Working hours: 8:30 am – 4 pm
Contacts: 0711 056444
Google rating: (no review)
Conclusion
At this time, financial institutions are responsible for the transactions made daily. They provide safety and confidentiality, promoting savings and investments, thus igniting economic growth. However, choose any of the banks in and around Spring Valley that will satisfy your wants.
