Below is a list of accounts by development bank of Kenya, loans and contacts:
Development Bank of Kenya Contacts
Head Office
- 16th Floor, Finance House
- Loita Street
- P.O.Box 30483-00100
- Nairobi, Kenya
- Email: dbk@devbank.com
- Working Hours: 9.00 am to 3.00pm
Phone Numbers
+254 20 3340401
+254 20 3340402
+254 20 3340403
+254 20 3340416
+254 20 3340198
+254 20 3340478
+254 724 253980
+254 724 253981
Development Bank of Kenya Accounts, features and Costs
Personal Banking
Savings Account
This account is ideal as a day-to-day savings account that pays competitive interest on money saved. It is geared to anyone who wants an account that offers competitive interest rates and want’s full and easy access to their money at any given time.
Key Benefits;
- No cash deposit or cheque handling charges
- No limit on amount and number of times for cash withdrawals
- Affordable minimum account operating balance
Current Account
This account is ideal for your day-to-day banking needs. Plus it offers you the benefit of a free monthly statement, affordable mimimum balance and absolutely no hidden charges.
Key Benefits;
- Affordable minimum account opening balance
- Cheque book facility available
- Free monthly account statement
- No cash deposit or cheque handling charges
- No limit on cash withdrawal on amount and number of times accessed
Fixed & Call Deposit Account
This account is ideal if you are interested in putting your money away for a fixed amount of time and enjoy the certainty of knowing exactly how much interest you’re going to earn.
Key Benefits;
- Affordable minimum deposit Ksh 50,000
- Competitive interest rates
- Premature withdrawal of deposit allowed
- Allows immediate borrowing of up to 90% of the fixed amount
Business Banking
Development Bank is a preferred corporate bank for top-tier corporates and institutions, meeting their strategic, financial and capital-raising needs. With over forty five years experience, DBK is recognised for its wide reach and extensive local knowledge.
For all your business needs look no farther than DBK, be it ; Letters of credit, Documentary collection, Funds transfer’s, and related forex transactions. For more information please check out the related links.
Institutional Banking
Development Bank of Kenya loans
Loans
Short-term Loans & Overdrafts
It is a temporary facility that may be utilised by a customer and is normally regarded as being short term borrowing. Requests are usually associated with an unexpected expense that has been incurred. The customer having made no provision seeks bank assistance.
Standby Overdraft
This is an on-going facility (recovery) to provide additional comfort to the customer so that if a sudden expense is incurred, a cheque can be drawn on the account without worrying that the bank will return the cheque due to lack of funds.
Revolving Overdraft
These are utilised for working capital requirement of a business. No fixed repayment programme will be arranged except the customer undertaking to facilitate account position from cash flows from business. Overdrafts are sanctioned on the basis that they are repayable on demand and are reviewed annually.
Project Loans
These are normally medium to long term loans structured and tailored to suit unique circumstances of business enterprises and may be in form of Kenya shillings or foreign currency. Interest rates depend on the source and cost of funds.
