A parastatal is a company, agency or intergovernmental organization, that possesses some political powers and is separate from the government, but whose activities serve the State either directly or indirectly.  NFC Bank is a Local Bank, which focuses on sustainable community development, while providing customized banking services for parastatals. We offer corporate accounts and services that enable you to achieve your financial goals.


  • Zero Minimum operating balance 
  • Lodgement of cheques 
  • Access to mobile and online banking
  • Access to credit facilities 
  •  ATM Cards at affordable prices 


  • Duly completed account opening form 
  • National Identity Card  of signatories 
  • Copy of decree appointing GM and BOD / Copy of gazette or decree  setting up the Parasternal/Agency 
  • Four passport size photographs of each of the signatories 
  • Letter requesting for account to be opened/Board resolution 
  • Letter introducing signatories and their designation 
  • Localization plan 
  • Signed right of set‐off form 
  • Copy of latest annual report and accounts or 12 month bank statement (for  established businesses)
  • Any other relevant documents