Updated List of Tier 1 Banks in Kenya 2018

1 min read

 

 

Tier 1 Banks 

 

Key Drivers

 

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

 

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

 

3. 

 

Barclays Bank

 

Cheaper funding from its parent company and has not had borrowings historically

 

4.

 

Cooperative Bank

 

It has a large Sacco banking base, and the opportunity to grow upon the model

 

5. 

 

Standard Chartered Bank

 

Strong in corporate banking business

 

6. 

 

Commercial Bank Of Africa

 

Rapid growth of its retail customer base helped by the M-Shwari platform

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%

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 

 

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