Industry Financial Services Headquarters Nairobi, Kenya Type of business Private | Website Homepage Founded 1984 Key person Sammy Lang’at | |
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Key people Henry Kiplangat
Chairman
Sammy Lang’at
Chief Executive Officer Products Loans, Checking, Savings, Investments, Debit Cards Total assets 113.6 million USD (KES:9.66 billion, 2013) Revenue 683,549 USD (2015, KES:68.03 million, ...) Profiles | ||
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Transnational Bank (TNB), whose complete name is Transnational Bank Kenya Limited, is a commercial bank in Kenya. It is one of the forty-four licensed commercial banks in the country.
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History
TNB was established as a non-bank financial institution (NBFI) in 1984, under the name Transnational 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 TNB and the TNFC brand was closed. The bank has one subsidiary; TNB Forex Bureau, located at Moi International Airport in Mombasa. The bank is also affiliated with Western Union, the American International money-transfer service. In 2009, TNB introduced Internet banking and mobile banking through mobile telephones.
Overview
The bank is a medium-sized commercial bank in Kenya, East Africa's largest economy. As of December 2015, its assets were valued at about US$105.84 million (KES:10.53 billion), with shareholders' equity of about US$20.43 million (KES:2.033 billion).
Branch network
The bank maintained 17 networked branches in Kenya, as of December 2013.
Ownership
The shares of stock of Transnational Bank are privately held by Kenyan institutions and individuals. As of December 2015, the major shareholders in the bank were as depicted in the table below: