Victoria Commercial Bank Ltd is a mid-sized commercial bank, with its offices in Upper Hill, Nairobi Kenya. The company was initially licensed in 1987 as a finance company and opened its doors for business in October of the same year. In the first financial year, the asset base stood at Kshs. 124 Million, which was then regarded as a sound base for takeoff into the future. The deposits then stood at Kshs. 113 Million which reflected the confidence the market had in the Bank.

    
Bank Accounts

VCB Corporate Savings Account in both local and foreign currency. This Account is ideal for those doing few transactions while having the benefit of earning interest on it. Features: Minimum Balance of Kshs 10,000 • Earn interest on your balance • No ledger fees • Cheque book not available • Free cash withdrawals over the counter.

VCB Corporate Current Account in both local and foreign currency. This Account is ideal for those carrying out many transactions with the benefit of having a cheque book. Features: Minimum Balance of Kshs 10,000 • Cheque book available • No ledger fees • Free cash withdrawals over the counter • Does not earn interest.

VCB Safe Locker Deposit Accounts. We offer secure locker deposit boxes at our Westlands Branch located at Fortis Towers. You shall only be required to fill out the application forms and leave a non interest accruing refundable deposit as follows: Small Box – Kshs 125,000; Large Box - Kshs 250,000.

LIMITED LIABILITY COMPANY - Companies Incorporated in Kenya under the Companies Act needs:

  • Certificate of incorporation
  • Memorandum & articles of association
  • Board resolution with company seal
  • ID/passport copy of all directors and authorized signatories
  • Pin certificate of company & all directors
  • Declaration of source of funds of the business and expected turn over done by the RMs
Additional Diligence:
  • Latest utility bill to be in the prospective customer’s name. If the utility bill is in the name of the landlord a tenancy agreement or letter to be provided with a minimum 1 year term valid trading license
  • In case any of the directors of the company are not in Kenya at the time of opening the account, their passport must be signed by public notary, Kenyan embassy or correspondent bank official. If signed by correspondent bank official, the official’s signature
  • In case of different directors and signatories- get latest annual returns or change of directors form (CR12)
  • Certified copy of Board Resolution stating authority to open accounts, transact business, borrow funds and a designated person having Signatory powers
  • The latest annual returns to the Register of the body corporate
  • Verified identity and address of the the Directors and Signatories of the firm
  • Audited financial statements for the last three years for corporation

VCB Fixed Deposit Accounts. Minimum requirement of Kshs 100,000 • Attractive interest rates.

Requirements: Corporate entities make substantive clients of Victoria Commercial bank.

For other types of companies – you may get in touch with your nearest branch for assistance in account opening.

FIXED DEPOSITS and RATES

Click here to download the latest rates

MPESA FUNDS TRANSFER

You may now transfer money via MPesa to your Victoria Account by following the steps as per these instructions; or from your Victoria account to your mobile mpesa by enrolling with our e-Banking services.

You can also apply for a personalized PAYBILL number which shall be linked directly to your corporate bank account. With this facility in place you shall instantly receive money directly from the sender’s mobile phone to your account. Please get in touch with your relationship manager for additional information.

Trade Finance Department Trade Finance is the means to turn export opportunities into actual sales and to get paid for export sales—especially on time—by effectively managing the risks associated with doing business internationally. Following are the products that are handled in the department:

  • Import Letters of Credit
  • Export Letters of Credit
  • Import Documentary Collection
  • Export Documentary Collection
  • Availization
  • Guarantees
  • Remittance: Outward Telegraphic Transfer payments (TT’s)
  • Remittance: Outward Local payments via Real Time Gross Settlement (RTGS)

For applying for the above mentioned facilities – kindly get in touch with your relationship manager or download them from our website.

Salary Processing We offer salary processing services to our client whereby the client shall fill out all employee details in an excel worksheet – format to be provided by the bank. The bank shall then execute all the transfers at Shs 100 per Entry. The excel format is available for Download.

Treasury Department and Services The VCB treasury team is always available for assisting clients in booking forex deals, carrying out the RTGS process and any other information that you may require. The indicative forex rates are updated on a regular basis on the website.

iTAX PAYMENTS We offer iTAX services whereby the client logs onto the KRA portal and files a tax return of which an e-slip is acquired. An e-slip is also acquired when the client makes a payment in the national payment gateway. Upon presenting the E-slip to our teller for payment, the teller first establishes if the E-slip is valid after which the slip shall be received and a confirmation of payment (Receipt) given to the client.

Direct Contacts to various departments Lunga Lunga Branch

Varsha - Branch Manager varsha@vicbank.com
Kevin - Service Manager kevinwanjiru@vicbank.com
Westlands Branch
Azmina - Branch Manager azmina@vicbank.com
Anne - Service Manager annemulli@vicbank.com
Salim - Manager salim@vicbank.com
Corporate Department
Priti Rawal priti@vicbank.com
Nilay Challa nilay@vicbank.com
Kunal Bid kunalbid@vicbank.com
Vishesh Sonigra visheshsonigra@vicbank.com

Operations Department
vcboperations@vicbank.com
Grace Obanda - cheque confirmations
Janet Were - transactional queries
Trade Department
Eunice Ndinda vcbtrade@vicbank.com

Treasury Department
Alpesh alpesh@vicbank.com
Allan amakau@vicbank.com

Pilot Lines
Upper Hill - Head Office 0709876000
Westlands Branch 0709876200
Industrial Area Branch 0709876300

    
Bank Accounts

VCB Savings Account in both local and foreign currency. This Account is ideal for those doing few transactions while having the benefit of earning interest on it. Features: Minimum Balance of Kshs 10,000 • Earn interest on your balance • No ledger fees • Cheque book not available • Free cash withdrawals over the counter.

VCB Transactional Account in both local and foreign currency. This Account is ideal for those carrying out many transactions with the benefit of having a cheque book. Features: Minimum Balance of Kshs 10,000 • Cheque book available • No ledger fees • Free cash withdrawals over the counter • Does not earn interest.

VCB Safe Locker Deposit Accounts. We offer secure locker deposit boxes at our Westlands Branch located at Fortis Towers. You shall only be required to fill out the application forms and leave a non interest accruing refundable deposit as follows: Small Box – Kshs 125,000; Large Box - Kshs 250,000.

VCB Fixed Deposit Accounts. Minimum requirement of Kshs 100,000 • Attractive interest rates.

Requirements to open an account:

  • New generation ID/passport copy/alien certificates/ military card
  • 2 recent colored passport size photographs
  • Declaration of source of funds i.e. Salary or business done by the RM’s
  • State nature of business e.g. Sale of vehicles, children clothing etc.)
  • Declaration of expected turnover done by the RM’s
  • Copy of PIN.

Additional due diligence measures that may be used to verify the identity of the customer include:

  • Address of current residence verified by a referee, a utility bill i.e. electricity or water bill, etc
  • Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee) done by the RM’s
  • For accounts with more than one party and where one of the parties has identified the others, written confirmation is obtained by the RMs to the effect that the first party has known the other(s) personally for at least 12 months or for such a period of time reasonable enough to affirm the reference in normal circumstances

FIXED DEPOSITS and RATES

Click here to download the latest rates

MPESA FUNDS TRANSFER

You may now transfer money via MPesa to your Victoria Account by following the steps as per these instructions; or from your Victoria account to your mobile mpesa by enrolling with our e-Banking services.

DOWNLOADS

Download these frequently used documents for your convenience:

Internet Banking form

Funds Transfer form

Correspondent Bank Details