The story
The institution began operations as a non-banking financial company, in 1986. In 1991 it was acquired by private investors, who converted it into a commercial bank, in 1995, following the acquisition of a banking license from the Central Bank of Kenya, the country's banking regulator. The bank opened its doors as a fully fledged commercial bank in 1996.
In 2004, Fina Bank acquired BACAR, a privately owned bank, that had been seized due to managerial reasons, by the National Bank of Rwanda, Rwanda's banking regulator. In 2005, the bank changed its business strategy and re-launched Fina Bank as a banking institution that focuses on serving small and medium-sized enterprises (SMEs). Between 2005 and 2008, the bank re-organized its operations in Rwanda and continued branch expansion in Kenya.
In 2008, Fina Bank re-organized its operations in Rwanda and opened up business in Uganda with two brand new Branches.
In July 2013, the Nigerian lender Guaranty Trust Bank, acquired 70% shareholding in Fina Bank Group for a cash infusion of US$100 million. In January 2014, the member companies of Fina Bank Group rebranded as subsidiaries of Guaranty Trust Bank.
From Wikipedia’s article on Fina Bank Group, shared under CC BY-SA 4.0.3