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Access Bank Kenya

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Transnational Bank
Company typePrivate
IndustryFinancial Services
Founded1984
HeadquartersNairobi, Kenya
Key people
Henry Kiplangat
Chairman
Sammy Lang’at
Chief Executive Officer
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease Aftertax: US$683,549 (KES:68.03 million) (2015)
Total assetsUS$113.6 million (KES:9.66 billion) (2013)
WebsiteHomepage

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 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).[4]

Branch network

The bank maintained 17 networked branches in Kenya, as of December 2013.[5]

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:[4]

Trans National Bank Kenya Stock Ownership
Rank Name of Owner Percentage Ownership
1 Archers and Wilcock Limited 23.75
2 Sovereign Trust Limited 23.03
3 Duggan Limited 15.53
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 Lohan Investments Limited 01.42
10 Others 04.80
Total 100.00

See also

References

  1. ^ CBK, . "Commercial Banks & Mortgage Finance Institutions". Central Bank of Kenya (CBK). Retrieved 3 August 2014. {{cite web}}: |first= has numeric name (help)
  2. ^ Herbling, David (3 August 2014). "Trans-National Bank In KSh1 Billion Private Share Sale Plan". Business Daily Africa (Nairobi). Retrieved 3 August 2014.
  3. ^ Anyanzwa, James (5 March 2009). "Trans-National Bank Launches Internet Banking". The Standard (Kenya). Retrieved 3 August 2014.
  4. ^ a b TNB (30 March 2016). "Transnational Bank Limited Annual Report & Financial Statements As At 31st December 2015" (PDF). Nairobi: Transnational Bank (TNB).
  5. ^ TNB (31 December 2013). "31 December 2013 Audited Financial Report". Nairobi: Transnational Bank (TNB). Retrieved 3 August 2014.
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