Trans National Bank Kenya
Encyclopedia
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.
(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 America
n International money-transfer service. In 2009, TNBK introduced Internet banking and mobile banking through mobile telephones.
, East Africa
's largest economy. In December 2009, its asset valuation was about US$40 million (KES:3.36 billion), with shareholders' equity of nearly US$16 million (KES:1.33 billion).
, TNBK was ranked number thirty-six (36), by assets, out of forty-three (43) licensed commercial banks in Kenya.
of Trans National Bank Kenya are privately held by Kenya
n institutions and individuals. The major shareholders in the bank are listed in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Trans National Bank Kenya Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Archers and Wilcock Limited||25.00
|-
|2||Sovereign Trust Limited||24.24
|-
|3||Duggan Limited||16.23
|-
|4||Pyramid Trustee Limited||15.91
|-
|5||November Nominees Limited||07.66
|-
|6||Simbi Investors||04.32
|-
|7||Losupuk Limited||02.94
|-
|8||Kenyerere Limited||02.26
|-
|9||Others ||01.44
|-
| ||Total||100.00
|-
|}
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. It is one of the forty-four (44) licensed commercial banks in the country.
History
TNBK was establisghed as a non-bank financial institutionNon-bank financial institution
A non-bank financial institution is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market...
(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
Central Bank of Kenya
The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. The current governor of the bank is Professor Njuguna Ndungu whose appointment took effect from March 4, 2007...
, the national banking regulator, the company began banking operations under its current name in Nairobi
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
and Mombasa
Mombasa
Mombasa is the second-largest city in Kenya. Lying next to the Indian Ocean, it has a major port and an international airport. The city also serves as the centre of the coastal tourism industry....
. 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
Moi International Airport
Moi International Airport , also Mombasa International Airport, or Mombasa Airport, is an airport in Kenya.-Location:Mombasa Airport, , is located in Mombasa District, Coast Province, in the city of Mombasa, in a township called Port Reitz, in southeastern Kenya, along the Indian Ocean coast.Its...
in Mombasa. The bank is also affiliated with Western Union
Western Union
The Western Union Company is a financial services and communications company based in the United States. Its North American headquarters is in Englewood, Colorado. Up until 2006, Western Union was the best-known U.S...
, the America
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
n International money-transfer service. In 2009, TNBK introduced Internet banking and mobile banking through mobile telephones.
Overview
The bank is a small-sized commercial bank in KenyaKenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
's largest economy. In December 2009, its asset valuation was about US$40 million (KES:3.36 billion), with shareholders' equity of nearly US$16 million (KES:1.33 billion).
, TNBK was ranked number thirty-six (36), by assets, out of forty-three (43) licensed commercial banks in Kenya.
Ownership
The shares of stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of Trans National Bank Kenya are privately held by Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
n institutions and individuals. The major shareholders in the bank are listed in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Trans National Bank Kenya Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Archers and Wilcock Limited||25.00
|-
|2||Sovereign Trust Limited||24.24
|-
|3||Duggan Limited||16.23
|-
|4||Pyramid Trustee Limited||15.91
|-
|5||November Nominees Limited||07.66
|-
|6||Simbi Investors||04.32
|-
|7||Losupuk Limited||02.94
|-
|8||Kenyerere Limited||02.26
|-
|9||Others ||01.44
|-
| ||Total||100.00
|-
|}
Branches
TNBK maintains branches at the following locations:- Main Branch - Trans-National Plaza, City Hall Way, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Kirinyaga Road Branch - TNBK House, Kirinyaga Road, Nairobi
- JKIA Branch - Jomo Kenyatta International AirportJomo Kenyatta International Airport-Charter airlines:-Cargo airlines:-Other facilities:The Kenya Civil Aviation Authority has its head office in the KAA Complex on the airport property. African Express Airways has its head office on the airport property...
, Arrivals Terminal, Nairobi - Nakuru Branch - Seguton Building, Kenyatta Avenue, NakuruNakuruNakuru, the provincial capital of Kenya's Rift Valley province, with roughly 300,000 inhabitants, and currently the fourth largest urban centre in the country, lies about 1850 m above sea level...
- Mombasa Branch - Maganjo House, Nyerere Avenue, MombasaMombasaMombasa is the second-largest city in Kenya. Lying next to the Indian Ocean, it has a major port and an international airport. The city also serves as the centre of the coastal tourism industry....
- MIA Branch - Moi International AirportMoi International AirportMoi International Airport , also Mombasa International Airport, or Mombasa Airport, is an airport in Kenya.-Location:Mombasa Airport, , is located in Mombasa District, Coast Province, in the city of Mombasa, in a township called Port Reitz, in southeastern Kenya, along the Indian Ocean coast.Its...
, Mombasa - Eldoret Branch - Hughes Building, Uganda Road, EldoretEldoretEldoret is a town in western Kenya and the administrative centre of Uasin Gishu District of Rift Valley Province. Lying south of the Cherangani Hills, the local elevation varies from about 2100 metres above sea level at the airport to more than 2700 metres in nearby areas...
- Kabarak University Branch - Students Centre, Kabarak UniversityKabarak UniversityKabarak University is a purpose-built Christian based university on a 600 acre farm located twenty kilometres from Nakuru, Kenya on the Nakuru-Eldama Ravine road in Kenya's Rift Valley. The campus features an outdoor swimming pool, sports areas, tree-shaded lawns and residential facilities for...
, Nakuru - Olenguruone Branch - Bidii House, Olenguruone Market, Olenguruone
- Kericho Branch - USMA Plaza, Temple Road, KerichoKerichoKericho is a Kenyan County located to the South West of the country and lies within the highlands west of The Great Rift Valley. The capital of the district is Kericho town. The district home to the best of Kenyan Tea which is world famous for its brightness, attractive color, brisk flavor and...
- Nandi Hills Branch - Trans-National House, Market Street, Nandi HillsNandi HillsNandi Hills may refer to:* Nandi Hills, Karnataka, India* Nandi Hills, Kenya...
- EPZ Branch - EPZ Athi River, Nairobi
- Kabarnet Branch - Matetai Building, Philemon Road, KabarnetKabarnetKabarnet is a town in the Rift Valley Province of Kenya. The town has an urban population of 9,583 and a total population of 24,661 - Geography :...