M Oriental Bank Governance and Operations

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M Oriental Bank has a robust governance framework in place, with a Board of Directors that oversees the bank's overall strategy and direction. The Board is composed of experienced professionals with diverse backgrounds and expertise.

M Oriental Bank has a strong presence in the region, with a large network of branches and ATMs that cater to the needs of its customers.

The bank's operations are designed to be efficient and customer-centric, with a focus on providing innovative financial solutions that meet the evolving needs of its customers.

Bank Information

M Oriental Bank has a network of over 100 branches across the country, making it easily accessible to customers.

The bank's operating hours vary by branch, but most are open from 9am to 4pm, Monday to Friday.

M Oriental Bank offers a range of financial products and services, including savings accounts, loans, and credit cards.

Ownership

M Oriental Bank Limited has undergone a significant change in ownership over the years. In 2016, the Central Bank of Kenya gave approval to M Holdings Limited to acquire majority shares.

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The bank's ownership is now distributed among various entities, with M Holdings Limited holding the largest share of 33.83%. This is a significant stake, but it's worth noting that M Holdings Limited opted to acquire only 33.8 percent of the shares, leaving room for other investors.

Pasha Investments Limited is the second-largest shareholder, with a 7.68% stake in the bank. This suggests that Pasha Investments Limited has a substantial influence on the bank's decision-making process.

Other notable shareholders include Narlikumar Meghji Shah, with a 6.51% stake, and Sag Investment Limited, with a 4.32% stake. Rupen Mulchand Haria also holds a significant share, with 4.11% of the bank's stock.

The remaining 39.87% of the bank's shares are held by various entities with 4.0 percent or less each. This category includes Bank One Limited, which holds a 3.68% stake.

Here's a breakdown of the bank's ownership structure:

Governance

The bank's governance structure is led by a six-person board of directors, with Shanti Shah serving as the chairman.

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Shanti Shah, as the chairman, plays a crucial role in overseeing the bank's operations and decision-making processes.

The bank's chief executive officer is Alakh Kohli, who reports directly to the board of directors.

With Shanti Shah at the helm, the bank's governance is likely to be stable and well-managed, providing a solid foundation for the bank's operations.

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You're looking for a SWIFT code for a limited company, or Ltd? In that case, it's essential to know that one financial institution can have multiple SWIFT codes, each representing different branches.

Always double-check with the recipient before sending money to ensure you have the right SWIFT code. This is because financial institutions may have several different SWIFT codes that differ by just a few letters or numbers.

Services and Operations

M Oriental Bank offers a wide range of services to cater to the diverse needs of its customers.

The bank operates through a network of over 100 branches across the country, providing easy access to its services for customers in rural and urban areas alike.

See what others are reading: Banks and Banking Services

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M Oriental Bank's core services include personal banking, corporate banking, and investment banking.

Its personal banking services include savings accounts, current accounts, and loans, which can be managed through online banking, mobile banking, or by visiting a branch in person.

The bank's corporate banking services cater to the needs of small and medium-sized enterprises, offering tailored solutions for cash management, trade finance, and working capital requirements.

M Oriental Bank's investment banking services provide expertise in equity and debt capital markets, mergers and acquisitions, and other strategic transactions.

The bank's operations are supported by a robust technology infrastructure, which enables secure and efficient transactions, as well as real-time monitoring and reporting.

M Oriental Bank's commitment to customer service is reflected in its customer service hours, which are available 24/7 through its call center and online platforms.

The bank's operations are also guided by a strong focus on risk management and compliance, which ensures that all transactions are conducted in a safe and secure manner.

Curious to learn more? Check out: M&t Personal Banking

Branch and Network

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M Oriental Bank has a well-established branch network across the country. The bank's branches are strategically located to provide easy access to its services.

The Westlands Branch is situated at the Apollo Centre, 2nd Floor, Ring Road, Westlands, Nairobi. This branch is easily accessible by public transport.

The bank's branches in Nairobi include the Koinange Street Branch, located at Finance House, Ground Floor, Koinange Street, Nairobi. The Sameer Business Park branch is also located in Nairobi, at Sameer Business Park, Mombasa Road.

If you're planning to visit any of these branches, here are the details:

  1. Westlands Branch – Apollo Centre, 2nd Floor, Ring Road, Westlands, Nairobi
  2. Koinange Street Branch – Finance House, Ground Floor, Koinange Street, Nairobi
  3. Sameer Business Park – Sameer Business Park, Mombasa Road, Nairobi
  4. Mombasa Branch – HassanAli Building, Nkurumah Road, Mombasa
  5. Nakuru Branch – AFC Building, Kijabe Row, Nakuru
  6. Eldoret Branch – Muya House, Kenyatta Street, Eldoret
  7. Kitale Branch – Robert Ouko Road, Kitale

Frequently Asked Questions

Which bank merged with Oriental Bank?

The Oriental Bank of Commerce (OBC) merged with Punjab National Bank (PNB). This merger created India's second-largest public sector bank in terms of branch network.

Is Oriental Bank a US bank?

Oriental Bank operates under U.S. banking laws and regulations, but its parent company, OFG Bancorp, is based in Puerto Rico. This unique setup suggests a blend of US and Puerto Rican banking influences.

Is Oriental Bank a real bank?

Yes, Oriental Bank is a real bank, a subsidiary of OFG that offers a range of banking services in Puerto Rico and the U.S. Virgin Islands.

Angel Bruen

Copy Editor

Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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