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Tier 1 Banks |
Key Drivers |
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1 |
Equity Bank |
The digitization strategy of the Bank, with the roll out of Eazzy Banking App and Equitel, which is currently the 2nd largest mobile money transfer service |
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2. |
Kenya Commercial Bank |
1.KCB Mpesa is a key growth driver in terms of deposits and loans 2.Alternative channels including mobile banking and agency banking |
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3. |
Barclays Bank |
Cheaper funding from its parent company and has not had borrowings historically |
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4. |
Cooperative Bank |
It has a large Sacco banking base, and the opportunity to grow upon the model |
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5. |
Standard Chartered Bank |
Strong in corporate banking business |
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6. |
Commercial Bank Of Africa |
Rapid growth of its retail customer base helped by the M-Shwari platform |
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7. |
DTB Bank |
1.Strong backing from financing partners, i.e. Aga Khan Fund for Economic Development and Habib bank 2. Best asset quality in the sector, with gross NPL ratio at 4.6% compared to an industry average of 11.5% |
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8. |
Stanbic Bank |
1.The Corporate and Investment banking is a key driver for revenue as it contributes to a majority of the banks total income |