Custodial Services

National Bank of Kenya Ltd is registered by the Capital Markets Authority (CMA) as an Authorized Depository Agent and by the Retirement Benefits Authority (RBA) as a custodian.

Custodial Services is the safeguarding of a firm’s financial assets and overseeing the change of status of those assets (e.g. Cash and Shares)

At National Bank Custody, we offer the following services:

  • Hold in safe keeping assets/securities such as stocks and bonds.
  • Administer corporate actions.
  • We ensure smooth inflow/outflow of securities and such other instruments as and when necessary in the best interests of our clients.
  • We collect information on income from assets under our custody (dividends, coupons).
  • We provide cash management and foreign exchange services.
  • We provide accurate and timely reports.
  • Tax reclamation.

Benefits to the client

  • High quality services by a highly experienced and skilled team.
  • Entitlement to a current account with no minimum balance.
  • Daily reconciliation of clients account.
  • Negotiated exchange rates on foreign currency.
  • Entitlement to a central depository account at no cost.
  • Free statement upon request.
    • A dedicated account manager for every account.

National Bank Corporate Trustee Services

At National Bank of Kenya Ltd, we offer Trustee Services. We exercise reasonable diligence and ensure that all schemes/funds under our trust comply with the trust deed and rules.

Our role as Trustee includes:

  • Act in the best interest of our clients.
  • We monitor compliance with the terms of the trust deed and rules.
  • Report to the regulators, client and other service providers.
  • We keep up with laws regarding trust administration and diligently applying these regulations to the trust administration.

Benefits to the client

  • We have a long experience of acting as corporate trustees.
  • We have a high skilled board of trustees.
  • The scheme/fund will be managed in good faith, with prudence and impartiality.
  • The financial well-being of current and future beneficiaries of the trust is taken care of.
  • We ensure safety of clients’ assets under our trust.
  • We assume responsibility for the filing of any necessary tax returns that are required.
  • We have the ability to manage the trust with continuity for the long term
  • We have qualified professionals who are well versed on trust law, tax implications and regulatory changes that can impact a trust.
  • The assurance that the fund/scheme will be handled efficiently and in compliance with the regulators.