National Bank of Kenya (NBK) has entered into a strategic partnership with Postal Corporation of Kenya (PCK) to grow its distribution network and reduce reliance on costly brick and mortar models.
Through an agency banking model, the lender customers will now have access to their cash through 1,539 agents from 110 agents spread across the country.
“The new partnership will provide all National Bank customers access to PCK’s expansive network with 470 outlets across the country in offering agent banking services,” said NBK Managing Director Sheikh Ahmed.
Number of ATM hosted by the lender has also risen to 1,325 from previous 125.
National Bank already has 74 branches with plans to increase to 80 by year end, as part of its strategic transformation programme aimed at making the lender a tier one bank by the year 2017.
National bank customers will have easy access to banking services in areas where the bank has not set base but are already served by our robust and extensive network,” said PCK’s Postmaster General, Dr. Enock Kinara.