Transnational Bank
| Private | |
| Industry | Financial Services |
| Founded | 1984 |
| Headquarters | Nairobi, Kenya |
Key people |
Michael Cherwon Chairman Sammy Lang’at Chief Executive Officer |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax: US$1.86 million (KES:158.1+ million) (2013) |
| Total assets | US$113.6 million (KES:9.66 billion) (2013) |
| Website | Homepage |
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.[1]
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.[2] In 2009, TNB introduced Internet banking and mobile banking through mobile telephones.[3]
Overview
The bank is a medium-sized commercial bank in Kenya, East Africa's largest economy. As of December 2013, its assets were valued at about US$113.6 million (KES:9.66 billion), with shareholders' equity of nearly US$22 million (KES:1.87 billion). The bank maintains 17 networked branches in Kenya, as of August 2014.[4]
Ownership
The shares of stock of Transnational Bank are privately held by Kenyan institutions and individuals. As of December 2010, the major shareholders in the bank were as depicted in the table below:[5]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Archers and Wilcock Limited | 23.75 |
| 2 | Sovereign Trust Limited | 23.03 |
| 3 | Duggan Limited | 15.42 |
| 4 | Pyramid Trustee Limited | 15.12 |
| 5 | November Nominees Limited | 07.28 |
| 6 | Simbi Investors | 04.11 |
| 7 | Losupuk Limited | 02.79 |
| 8 | Kenyerere Limited | 02.15 |
| 9 | Samkolit Kenya Limited | 0.42 |
| 10 | Toiyoi Investments Limited | 0.21 |
| 11 | Others | 05.74 |
| Total | 100.00 | |
See also
References
- ↑ CBK, . "Commercial Banks & Mortgage Finance Institutions". Central Bank of Kenya (CBK). Retrieved 3 August 2014.
- ↑ Herbling, David (3 August 2014). "Trans-National Bank In KSh1 Billion Private Share Sale Plan". Business Daily Africa (Nairobi). Retrieved 3 August 2014.
- ↑ Anyanzwa, James (5 March 2009). "Trans-National Bank Launches Internet Banking". The Standard (Kenya). Retrieved 3 August 2014.
- ↑ TNB, . "31 December 2013 Audited Financial Report". Transnational Bank (TNB). Retrieved 3 August 2014.
- ↑ Teyie, Andrew (6 December 2010). "Transnational Bank Cited In Swiss Case of Abacha Money". The Star (Kenya). Retrieved 3 August 2014.
External links
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