Top 10 Banks in Kenya 2021

Top 10 Banks in Kenya 2021-Overview of Kenya’s leading financial institutions

SUMMARY

Top 10 Best Banks in Kenya 2021

  • Kenya Commercial Bank Group.
  • Co-operative Bank of Kenya. …
  • Equity Group Bank. …
  • Diamond Trust Bank.
  • Standard Chartered Bank of Kenya.
  • I&M Holdings.
  • Barclays Bank of Kenya.
  • Stanbic Holdings.

Overview of top 10 Banks in Kenya

Banks in Kenya are supervised by Banki Kuu ya Kenya or the Central Bank of Kenya (CBK). Based in Nairobi, CBK was formed in 1966, following the dissolution of the East African Currency Board. The central bank is in charge of establishing a monetary policy that aims to maintain the stability of prices. Other responsibilities include forming and implementing foreign exchange policies, promoting financial stability, and issuing currency.

 

Banks in Kenya Rating..

 

In May 2021, Moody’s Investors Service affirmed all ratings and assessments of the three rated Kenyan banks, namely: KCB Bank Kenya Limited (KCB Bank), Equity Bank (Kenya) Limited (Equity Bank), and Co-operative Bank of Kenya Limited (Co-op Bank).

The outlook on the Kenyan banks’ long-term deposit and issuer ratings remains negative. The rating action follows Moody’s decision to affirm Kenya’s B2 government rating, with a negative outlook on 13 May 2021.

For anyone who is considering a banking career in Kenya, this list of top banks in Kenya is a helpful guide on where to start. To learn more, see our list of financial institutions.

 

The Top  10 Banks in Kenya Include:

1.Equity Group Holdings

Financial services provider Equity Group Holdings was founded in 1984. It offers a wide range of financial products and services, including loans, mortgages, investments, debit and credit cards, retail banking, and microfinance.

The bank operates through 335 branches and operates 720 ATMs. Based in Nairobi, it also operates subsidiaries in other countries, such as South Sudan, Rwanda, and Uganda.

Net income: KES 19.79 billion (2020)

Total assets: KES 1.02 trillion (2020)

 

2.Standard Chartered Bank Kenya

Standard Chartered Bank Kenya Limited, commonly known as Standard Chartered Kenya, is a commercial bank that offers banking products and services such as transaction accounts, loans, savings, debit cards, and investments.

Established in 1911, and therefore the oldest of the banks in Kenya, it is a subsidiary of Standard Chartered, the British multinational financial group. Headquartered in Nairobi, it oversees a network of 36 branches and 108 ATMs throughout the country.

Net income: KES 5.44 billion (2020)

Total assets: KES 325.61 billion (2020)

 

3.Barclays Bank Kenya

Barclays Bank Kenya started its operations in the country in 1916, making it also one of the oldest banks in Kenya. It is also one of the leading banks in terms of international and domestic resources, as well as in terms of financial strength.

The bank provides a range of products and services, including loans, savings, credit cards, mortgages, and investments to individuals and small and large business customers. Based in Nairobi, it operates as a subsidiary of UK-based Barclays Bank.

Net income: KES 19.79 billion (2020)

Total assets: KES 1.02 trillion (2020)

 

4.Kenya Commercial Bank – KCB Bank Kenya

Kenya Commercial Bank is a financial services provider that was established in 2015. With 168 branches, it owns the largest banking network of any of the banks in Kenya. The bank provides various banking products and services, such as credit cards, loans, savings, mortgages, and investments. Its headquarters is in Nairobi.

 

5.Cooperative Bank of Kenya

With more than 3.5 million accounts in 2013, the Cooperative Bank of Kenya oversees the second-largest customer base in the country. It provides an array of banking services, such as loans, savings, debit cards, checking, and investments.

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