Top Banks in Kenya
Marcopolis.net presents the list of the largest banks in Kenya, as measured by revenue in KES (TTM). There are a total of 43 commercial banks in Kenya. Kenya Commercial Bank is currently the largest bank in Kenya, followed by Equity Bank.
List of the Leading Banks in Kenya
Marcopolis.net presents the list of the largest banks in Kenya, as measured by revenue in KES (TTM). There are a total of 43 commercial banks in Kenya. Equity Bank is currently the largest bank in Kenya, followed by KCB and Cooperative Bank of Kenya. Equity Bank and KCB are also considered the fastest growing banks in Kenya. All the banks are regulated by the Central Bank of Kenya.
According to Soft Kenya, there are 6 banks controlling 49.9% of the market collectively, while the rest of the market is controlled by the remaining banks. The banking sector in Kenya continues to grow in assets, deposits, profitability and innovation.
Kenya is considered to be a world leader in mobile banking technologies at the moment. Penetration of mobile and agency banking has increased in the Kenyan market in last years, leading to technology growth in alternative service delivery channels.
Top 10 Banks in Kenya
Marcopolis.net presents the top 10 banks in Kenya. The largest banks in Kenya rankings are based on the findings of the Marcopolis.net research team.
The List
| Rank | Company | Country | Sector | Revenue in KES (TTM) | Net Income in KES | Description |
|---|---|---|---|---|---|---|
| 1 | Kenya | Banking | 62.23bn | 20.88bn | Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies. | |
| 2 | Kenya | Banking | 50.00bn | 18.81bn | Equity Bank was founded in October 1984. It is the largest bank in the region in terms of market capitalization, profitability and customer base. It is licensed under the Kenya Banking Act, and continues to offer retail banking, microfinance and related services. The bank has operations in Kenya, Uganda, South Sudan, Rwanda and Tanzania, and is listed on the Nairobi Securities Exchange and Uganda Securities Exchange. | |
| 3 | Kenya | Banking | 41.58bn | 12.88bn | The Co-operative Bank of Kenya Limited was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Bank’s Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Stock Exchange (NSE). | |
| 4 | Kenya | Banking | 28.40bn | 5.89bn | Diamond Trust Bank (DTB) is a leading regional bank, listed on the Nairobi Stock Exchange. DTB has operated in East Africa for over 70 years, with a focus on the SME sector. DTB plays a vital role in the growth of East Africa’s economy through enabling more people to come under financial inclusion by serving individual consumers, small and middle-sized businesses and large corporations, with a full range of banking, investing, asset management and other financial and risk management products and services. | |
| 5 | Kenya | Banking | 25.89bn | 8.47bn | Barclays has operated in Kenya for over 100 years. With an extensive footprint of over 100 outlets and over 210 ATMs spread across the country, the bank boasts of years of superb financial performance that has built confidence among its shareholders, as well as a reputation as one of the leading blue chip companies on the Nairobi Stock Exchange. The bank also has robust Internet and Mobile Banking platforms as well as a 24/7 call centre that offers superior service to all customers. | |
| 6 | Kenya | Banking | 23.56bn | 7.12bn | Standard Chartered Bank Kenya Limited was established in 1911 with the first branch opened in Mombasa Treasury Square. Today, 101 years later, Standard Chartered Bank is one of the leading banks in Kenya, with an excellent franchise. It has a total of 33 branches spread across the country, 90 automated teller machines (ATMs) and 1,698 employees. | |
| 7 | Kenya | Banking | 19.14bn | 4.55bn | NIC Bank is a large financial services provider in East Africa. Headquartered in Nairobi, Kenya, the bank owns subsidiary companies in Kenya, Uganda and a controlling interest (51% shareholding) in NIC Bank Tanzania. | |
| 8 | Kenya | Banking | 13.50bn | 5.48bn | CfC Stanbic Bank is part of the Standard Bank Group, a leading African financial services organisation, which was founded more than 150 years ago. Today, the bank has operations in 20 African countries and across the globe. | |
| 9 | Kenya | Banking | 12.95bn | N/A | I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). Since June 2013, I&M Bank shares are publicly traded in the Nairobi Stock Exchange through the acquisition of its entire shareholding by I&M Holdings Ltd, a publicly listed company. | |
| 10 | Kenya | Banking | 12.80bn | -2.57bn | National Bank was incorporated in 1968. At the time it was fully owned by the Government. The objective for which it was formed was to help Kenyans get access to credit and control their economy after independence. The Bank is listed on the Nairobi Securities Exchange. |