Trans National Bank Kenya

Trans National Bank Kenya (TNBK), whose complete name is Trans National Bank Kenya Limited, is a commercial bank in Kenya. It is one of the forty-four (44) licensed commercial banks in the country.^[1]

History

TNBK was establisghed as a non-bank financial institution (NBFI) in 1984, under the name Trans National Finance Company (TNFC). TNFC provided loans, including lease-purchase arrangements to depositors and non-depositors. In 1985, following the issuance of a commercial banking license by the Central Bank of Kenya, the national banking regulator, the company began banking operations under its current name in Nairobi and Mombasa. At first other locations in the country continued to operate as TNFC offices. Between 1985 and 1996, all TNFC activities were merged with TNBK and the TNFC brand was closed. The bank has one subsidiary; TNBK Forex Bureau, located at Moi International Airport in Mombasa. The bank is also affiliated with Western Union, the American International money-transfer service.^[2] In 2009, TNBK introduced Internet banking and mobile banking through mobile telephones.^[3]

Overview

The bank is a small-sized commercial bank in Kenya, East Africa's largest economy. In December 2010, its asset valuation was about US$54 million (KES:4.76 billion), with shareholders' equity of nearly US$17.5 million (KES:1.54 billion).^[4] As of December 2010^[update], TNBK was ranked number thirty-six (36), by assets, out of forty-three (43) licensed commercial banks in Kenya.^[5]

Ownership

The shares of stock of Trans National Bank Kenya are privately held by Kenyan institutions and individuals. As of December 2010^[update], the major shareholders in the bank were as depicted in the table below:^[6]