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Treasury Products & Services

Family Bank Treasury Department caters for all your foreign exchange and money markets requirements. We have a full-fledged Treasury department, completely equipped with all dealing systems and very experienced personnel. We are active in the local Inter-bank Money Market and Foreign Exchange; we are committed to providing superior service and very competitive prices to our customers. We offer a broad range of products and services in foreign exchange and money markets, and we continuously endeavor to keep our customers acquainted of the latest development and trends in the local and global financial markets. Other services include; monitoring of currency exchange rates, settlement and remittance of local and foreign currencies, analysis and information on currency trends and trading in Government securities

Family Bank Treasury Department offers the following products and services
  • Spot foreign exchange dealing in all the major currencies- We buy and sell foreign exchange to or from customers and banks at very competitive rates.
  • Swift or telegraphic transfer-We offer inward and outward swift transfers, which is very safe, cost effective and convenient payment method. Funds received are credited to customers account within two working days and also funds are transferred to the beneficiaries within two working days after instruction receipt
  • Foreign currency accounts- Customers can open and maintain foreign currency accounts in U.S.Dollar, Sterling pound and Euro
  • Foreign Drafts- These are bankers cheques denominated in foreign currency; normally used in paying fees and other services abroad. We offer U.S. dollar, Sterling pounds and Euro foreign drafts.
  •  Forward contracts- We buy or sell foreign currencies for delivery/receipt at a future date between 1 to 6 months; this is a hedging product offered to both customers and banks.
  •  Currency swaps-This product can assist customers with surplus funds in one currency and require liquidity in another currency. We offer very competitive interest rate differentials.
  • Call and Fixed Money Market Deposit- We offer very competitive call and fixed deposit rates for Local and foreign currencies
  • Corporate Money market loans- Corporate customers can borrow short-term funds(up to 6 months) at interest pegged to T-Bills after getting an approved short-term credit line.
  • Treasury Bills and Bonds Investment- Treasury bills are short –term Government securities whileTreasury bonds are medium to long term securities, both sold by the Central Bank of Kenya on Behalf of the Treasury. We can invest in Treasury Bills and Bonds on behalf of the customer at a small commission.
  • Market Information- We offer free market information and currency trends to our customers and prospective customers.
DEPOSIT RATES. Effective 23rd September, 2011

KES
0.1-05M
>0.5-1M
>1-5 M
>5-10M
CALL
 
 
 
 
1 MONTH
 
 
 
 
3 MONTH
 
 
 
 
6 MONTH
 
 
 
 
12 MONTHS
 
 
 
 
USD
50T-100T
>100T-250T
>0.25-05M
>0.5-1M
1 MONTH
 
 
 
 
3 MONTH
 
 
 
 
6 MONTH
 
 
 
 
12 MONTHS
 
 
 
 
GBP
50T-100T
>100T-250T
>0.25-05M
>0.5-1M
1 MONTH
 
 
 
 
3 MONTH
 
 
 
 
6 MONTH
 
 
 
 
12 MONTHS
 
 
 
 
EUR
50T-100T
>100T-250T
>0.25-05M
>0.5-1M
1 MONTH
 
 
 
 
3 MONTH
 
 
 
 
6 MONTH
 
 
 
 
12 MONTHS
 
 
 
 

Note: For amounts exceeding the above limits please call Treasury Department.

CURRENCY
BANK
SWIFT ADDRESS
USD
DEUTSCHE BANK TRUST COMPANY NEW YORK
BKTRUS33
GBP
DEUTSCHE BANK LONDON
DEUTGB2L
EUR
DZ BANK AG GERMANY
GENODEFF
 
 
 

CORRESPONDENT BANKS.

For standard Kenya Shilling settlement by SWIFT, details are as follows:-
 
 
Bank Name:
Family Bank Limited
 
Swift Code:
FABLKENA
 
Address:
Family Bank Limited
Fourway Towers Building,
6th Floor , Muindi Mbingu Street
P. O. Box 74145-00200, Nairobi.
 
                                                  TREASURY CONTACTS
Name
Title
Contact Details
Kanini Kioko
Head of Treasury
+254 20 318173/940/2/7
Joseph Gathege
FX Dealer
+254 20 318173/940/2/7
Rita Nyaga
MM Dealer
+254 20 318173/940/2/7

 
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