| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1986 |
| Headquarters | Kimathi Street, Nairobi, Kenya |
| Key people | Dhanu Hansraj Chandaria Group Chairman Tim Marshall Group Chief Operating Officer |
| Products | Banking, Mortgages Investments |
| Revenue | Aftertax: US$1.43 million |
| Total assets | US$241 million (Q3:2010) |
| Website | Homepage |
Fina Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda and Uganda.
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The institution began operations as a non-banking financial institution, in 1986. In 1991, it was acquired by its present shareholders. In 1995, Fina converted into a commercial bank, following the acquisition of a banking license from the Central Bank of Kenya, the country's banking regulator. The bank opened its doors as a fully fledged commercial bank in 1996.
In 2004, Fina Bank acquired BACAR, a privately owned bank, that had been seized due to managerial reasons, by the National Bank of Rwanda, Rwanda's banking regulator. In 2005, the bank changed its business strategy and relaunches Fina Bank as a banking institution that focuses on serving Small and Medium-sized Enterprises (SMEs). Between 2005 and 2008, the bank re-organized its operations in Rwanda and continued branch expansion in Kenya. In 2008, Fina Bank re-launched its operations in Rwanda and opened up business in Uganda with two brand new Branches.[1]
Fina Bank Group is a medium-sized financial services provider in East Africa, focusing on meeting the banking needs of SME businesses. As of September 2010[update], the total group assets were estimated at US$241 million, with shareholders' equity valued at approximately US$23.8 million. The group operates about 25 bank branches in the region (13 in Kenya, 6 in Rwanda and 6 in Uganda).[2]
The companies that comprise the Fina Bank Group include the following: [3]