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 |
Akiba Bank Ltd |
EABS Bank Ltd |
31.10.2005 |
| 2 |
Diamond Trust Company Ltd |
Diamond Trust Bank Ltd |
15.11.1994 |
| 3 |
Credit Kenya Finance Ltd |
Credit Bank Ltd |
30.11.1994 |
| 4 |
Consolidated Finance Ltd |
African Banking Corp. Ltd |
08.12.1994 |
| 5 |
Imperial Finance Co. Ltd |
Imperial Bank Ltd |
08.12.1994 |
| 6 |
Finance Institution of Africa Ltd |
FINA Bank Ltd |
13.01.1995 |
| 7 |
City Finance Ltd |
City Finance Bank Ltd |
23.03.1995 |
| 8 |
Credit Finance Corporation Ltd |
CFC Bank Ltd |
29.03.1995 |
| 9 |
Equatorial Finance Co. Ltd |
Equatorial Commercial Bank Ltd |
23.06.1995 |
| 10 |
Southern Credit Finance Ltd |
Southern Credit Banking Corp. Ltd |
26.09.1995 |
| 11 |
National Industrial Credit Ltd |
National Industrial Credit Bank Ltd |
28.09.1995 |
| 12 |
Victoria Finance Company Ltd |
Victoria Commercial Bank Ltd |
11.01.1996 |
| 13 |
Fidelity Finance Ltd |
Fidelity Commercial Bank Ltd |
07.03.1999 |
| 14 |
Equity Building Society |
Equity Bank Ltd |
28.12.2004 |
| 15 |
Investments & Mortgages Ltd |
Investment & Mortgages Bank Ltd |
27.03.1996 |
| 16 |
Family Finance Building Society |
Family Bank Ltd |
01.05.2007 |
| 17 |
Development Finance Co. Ltd |
Development Bank of Kenya Ltd |
20.09.1996 |
| 18 |
Charterhouse Finance Ltd |
Charterhouse Bank Ltd |
01.01.1998 |
| 19 |
K-Rep Ltd |
K-Rep Bank Ltd |
24.03.1999 |