The role of our Treasury is reviewing, streamlining and controlling the Bank’s domestic money and foreign exchange markets related operations for optimization of risk adjusted returns for the Bank and our Customers. From pricing to advising, the dealers are in the best position to guide our valued clients through their rapidly evolving currency risk management requirements in today’s fast changing market environment.
We offer corporate, institutional, and multinational corporations and government and retail investors, responsive and innovative trading and hedging solutions, combined with competitive pricing and fast execution in all ranges of foreign exchange and money market products.
More About Foreign Exchange ProductThis is the purchase or sale of foreign currency for immediate delivery. We trade in all major currencies and after some of the most competitive rates in the market.
These are similar to forwards except that they are not contractual thus allowing you to disregard the contract if market rates have moved in your favor.
Swaps allow you to manage the exchange and interest rate risk associated with financing and investing in currencies other than the domestic one.
With your known foreign currency receivables or payables, we enable you to hedge against currency fluctuations thereby allowing you to plan better.
We offer corporate, institutional, and multinational corporations and government and retail investors, responsive and innovative trading and hedging solutions, combined with competitive pricing and fast execution in all ranges of foreign exchange and money market products.
More About Money Market ProductsWe are able to offer competitive fixed deposit rates for local and foreign currencies on various tenors, specific to your requirements.
Bonds are issued by governments and corporations when they want to raise money.
By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.
We invest in Bonds on your behalf at a small commission.
With one of the largest investments in Government Securities, we are now able to let you share in the high returns available.
We are actively involved in the purchase and sale of Treasury Bonds. You can call us for a price for any transaction you would like to carry out.
With approved lines in place, you can borrow short-term funds (1 month to 6 months) at interest rates pegged on Treasury Bills.
We offer corporate, institutional, and multinational corporations and government and retail investors, responsive and innovative trading and hedging solutions, combined with competitive pricing and fast execution in all ranges of foreign exchange and money market products.
More About Treasury Related ProductsWe can make foreign exchange payment to a beneficiary overseas, and receive remittances on your behalf electronically by SWIFT.
SWIFT is the most expedient method for transferring funds to and from an account with any Bank worldwide.
Transactions of USD 10,000 need to be supported by the necessary documents before they can be affected.
It is a fast, secure and irreversible system of transferring funds within the country. You can walk into any branch of KCB and issue instructions to transfer funds to a client of another bank in Kenya, whose account details are known. The deal would be concluded and settled within minutes, and you will not run the risk of carrying cash or the delay and uncertainty of cheque settlement.
KCB customers can hold a foreign currency account as a savings, current or fixed deposit investment account. The foreign currencies accommodated in this account are USD, Sterling Pound, Euro, South African Rand, among others.
Benefits
No Account maintenance fee for amounts above USD 1,000.
(Foreign Exchange Forward Contracts; Par-Forwards, Flexi-Forwards and Outright-Forwards).
You can trade currency at a special rate at no extra cost. Get into a special arrangement with our treasury team, and trade at a specified exchange rate for settlement up to 180 days (6 months) into the future.
This way you’re protected from the fluctuating exchange rates between the date of the established deal (deal date) and the date of actual delivery of funds (value date).
Dual Option Currency Deposits (DOCUs) earn our clients a higher return on investment by providing a fixed rate of interest above what is paid out by a traditional money-market investment with no capital protection. The standard period of tenor is one to three months.
A foreign currency swap is an agreement to exchange currency between two foreign parties. The agreement consists of swapping principal and interest payments on a loan made in one currency for principal and interest payments of a loan of equal value in another currency. One party borrows currency from a second party as it simultaneously lends another currency to that party.
Benefits
Traveling abroad or did you just come from a trip overseas? Buy or sell foreign currency cash over the counter in any of our KCB branches and enjoy competitive exchange rates in Kenya today.
Benefits
Pay you local suppliers from one currency to another via RTGS, to ensure real time and timely payments.
Transactions of USD 10,000 are supported by the necessary documents before they can be effected.
Benefits
If you conduct business across borders or have family overseas, then the Swift Transfer service is what you need. You can send out or receive money into your account from anywhere in the world.
Transactions of USD 10,000 need to be supported by the necessary documents before they can be effected.
Benefits
Make use of our easy and convenient online platform, KCB internet Banking, to transfer your funds from one account to another, in same currency or different currency, both locally and internationally.
Your international trade payments and receipts can be further protected and enforced by utilizing our simple and affordable International Trade Services such as International Letters of Credit, Guarantees e.t.c
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High Value Conversion
For conversions above KES 100,000, please contact our Forex desk for preferential rates or fill out our forex form.
Find your nearest KCB branch for personalized forex services
Note: Exchange rates are indicative and subject to change. Please contact your nearest branch for exact rates and transactions.
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