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Stanbic Bank Announces Auction of Used Motor Vehicles; How to Bid

Jason NdunyubyJason Ndunyu
August 23, 2024
Reading Time: 4 mins read
Stanbic Bank Announces Vehicle Auction Including Bmw X5 Valued At Ksh4.8 Million

Photo collage of Stanbic Bank Head Office and cars for sale. PHOTO/Courtesy

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Stanbic Bank has announced sale of motor vehicles in coordination with different auctioneers.

In a notice on Friday, August 23, Stanbic Bank said the sale will be conducted in different parts of the country including Nairobi, Kisumu, Kitale, Kisii, Meru, Ruiru, Nakuru, and Mombasa.

The bank further outlined the dates, venues, and descriptions of the auctions.

The sale includes models such as Mercedes Actros, Tata Lorry, Subaru Forester, Mazda CX5, Isuzu NMR, BMW 218, Trans trailer 3 Axle Flat Bed, Suzuki Escudo, Nissan Note, and Ford Galaxy.

To participate in this exercise, each bidder must pay a non-refundable bidding fee of Ksh2,000 per vehicle. 

The bids should reach the committee not later than August 30, 2024.

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Stanbic Bank Announces Auction Of Motor Vehicles
A photo of vehicles set for auction. PHOTO/Courtesy

According to Stanbic Bank, the assets shall be sold on an “AS IS WHERE IS” basis.

Stanbic Bank Announces Auction of Vehicles

Individual bidders and bidders duly incorporated under the Laws of Kenya are invited to submit their bids to purchase any one or more of the assets listed for disposal.


Also Read: 209 Vehicles & 133 Motorcycles Put on Auction; How to Bid


Further, viewing of the motor vehicles will be done at the specified storage yard before placing a bid.

In Nairobi, viewing will take place at Phillips International Auctioneers-Kileleshwa, Startruck Auctioneers Yard-Kiambu Road, Purple Royal Storage Yard-Kiambu Road, Auckland Storage Investment Yard and Jogoo Road Motors Yard-Jogoo Road.

Viewing of other vehicles will also take place in yards located in other parts of the country such as Femida Storage Tard -Kitale, Pambo Auctioneers-Kisumu, Leakeys Storage-Mombasa Rd, Muwasa Motors-Kisii, Mt-Kenya Storage Yard-Meru, and the Matriz Moves Yard-Changamwe.

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Also Read: Imenti House Tenants to Be Affected as Court Orders Auction of Goods


Also, Integra Storage Yard-Kitengela, Flamingo Storage Yard-Nakuru, Delax Motors Yard-Meru, and Capitol Diamond Yard in Ruiru are among venues listed for viewing by Stanbic Bank.

How to Bid for Vehicles and Motorcycles

Stanbic Bank highlighted that payments for the bidding fee should be made to the account below: Acc. No: 0100013440527, Acc. Name: SBK Asset Disposal Account Mpesa: Paybill 600100.

“Note that any offer received after bid closing date will not be considered,” the Bank stated.

To submit a bid, ensure it has full contact details and send via Email to SBKebeerssc.com.

Follow our WhatsApp Channel for real-time news updates!

https://whatsapp.com/channel/0029VaB3k54HltYFiQ1f2i2C

Stanbic Bank Announces Auction Of Motor Vehicles
Trailers on sale. Photo/ courtesy
Tags: AuctionStanbic Bank
Jason Ndunyu

Jason Ndunyu

Jason Ndunyu is a Digital News Journalist, holding a Mass Communications degree from Maseno University. He combines a keen eye for detail with rigorous research and factchecking, producing content that is both accurate and compelling. Jason covers a wide range of topics, with a particular passion for the fast-paced and ever-evolving world of Sports, where he explores stories that inform, entertain, and engage audiences across digital platforms.

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