Several non-bank financial institutions (NBFIs) have transformed to commercial banks over the years. They do this by ensuring that they meet the minimum prudential requirements for commercial banks including capital adequacy, liquidity and assets requirements. This transformation is known as conversion. The schedule below details the conversions which have taken place since 1994:
| No. |
Financial institution (old name) |
Commercial Bank (new name) |
Date approved |
| 1 |
Universal Finance Ltd. |
Universal Bank Ltd. |
03.11.1994 |
| 2 |
Akiba Loans & Finance Ltd. |
Akiba Bank Ltd. |
14.11.1994 |
| 3 |
Diamond Trust Company Ltd |
Diamond Trust Bank Ltd |
15.11.1994 |
| 4 |
Credit Kenya Finance Ltd |
Credit Bank Ltd |
30.11.1994 |
| 5 |
Consolidated Finance Ltd |
African Banking Corp. Ltd |
08.12.1994 |
| 6 |
Imperial Finance Co. Ltd |
Imperial Bank Ltd |
08.12.1994 |
| 7 |
Lake Credit Finance Ltd. |
Reliance Bank Ltd. |
13.01.1995 |
| 8 |
Habib Kenya Finance Ltd. |
Habib African Bank Ltd. |
26.01.1995 |
| 9 |
Finance Institution of Africa Ltd |
FINA Bank Ltd |
13.01.1995 |
| 10 |
Air Credit Finance Ltd. |
Ari Bank Corporation Ltd. |
07.03.1995 |
| 11 |
City Finance Ltd |
City Finance Bank Ltd |
23.03.1995 |
| 12 |
Credit Finance Corporation Ltd |
CFC Bank Ltd |
29.03.1995 |
| 13 |
Equatorial Finance Co. Ltd |
Equatorial Commercial Bank Ltd |
23.06.1995 |
| 14 |
Southern Credit Finance Ltd |
Southern Credit Banking Corp. Ltd |
26.09.1995 |
| 15 |
First National Finance Ltd. |
First National Finance Bank Ltd. |
19.04.1995 |
| 16 |
Prudential Finance Ltd. |
Prudential Bank Ltd. |
12.05.1995 |
| 17 |
Combined Finance Ltd. |
Paramount Bank Ltd. |
05.07.1995 |
| 18 |
National Industrial Credit Ltd |
National Industrial Credit Bank Ltd |
28.09.1995 |
| 19 |
Euro Finance Ltd. |
Euro Bank Ltd. |
20.12.1995 |
| 20 |
Victoria Finance Company Ltd |
Victoria Commercial Bank Ltd |
11.01.1996 |
| 21 |
Co-operative Finance Ltd. |
Co-operative Merchant Bank Ltd. |
27.03.1996 |
| 22 |
Investments & Mortgages Ltd |
Investment & Mortgages Bank Ltd |
27.03.1996 |
| 23 |
Credit & Commerce Finance Ltd. |
Commerce Bank Ltd. |
15.04.1996 |
| 24 |
Development Finance Co. Ltd |
Development Bank of Kenya Ltd |
20.09.1996 |
| 25 |
Charterhouse Finance Ltd |
Charterhouse Bank Ltd |
01.01.1998 |
| 26 |
Fidelity Finance Ltd |
Fidelity Commercial Bank Ltd |
07.03.1999 |
| 27 |
K-Rep Ltd |
K-Rep Bank Ltd |
24.03.1999 |
| 28 |
Equity Building Society |
Equity Bank Ltd |
28.12.2004 |
| 29 |
Akiba Bank Ltd |
EABS Bank Ltd |
31.10.2005 |
| 30 |
Family Finance Building Society |
Family Bank Ltd |
01.05.2007 |