List Of Tier 1 Banks In Kenya 2018

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All of the 42 Banks are labeled into three companies; Tier 1, Tier 2 and Tier 3. this is based on a weighted index of all their internet property, capital, and reserves, patron deposits, a variety of loans and deposit debts. these banks are considered to be secure via CBK and manage nearly 50% of the Kenyan banking zone market percentage.

in step with the important financial institution of Kenya, Tier 1 banks have a weighted index of 5 percent and above, Tier banks have an index of among one and five percentage while Tier three banks have a weighted index of under 0 percent.

Listing of Tier 1 Banks in Kenya as of 2018

 

Tier 1 Banks

 

Key Drivers

1. Equity bank The digitization method of the bank, with the roll out of Eazzy Banking App and Equitel, that is presently the second biggest cellular money transfer carrier
2. KCB 1.KCB Mpesa is a key increase motive force in terms of deposits and loans

2.opportunity channels inclusive of mobile banking and corporation banking

3. Barclays Bank Cheaper investment from its determine business enterprise and has no longer had borrowings traditionally

 

4. Cooperative bank It has a large Sacco banking base, and the possibility to develop upon the model

 

5. Standard chattered Bank Strong in corporate banking commercial enterprise
6. Commercial Bank Of Africa rapid boom of its retail patron base helped by the M-Shwari platform
7. Diamond Trust Bank (DTB) 1.strong backing from financing companions, i.e. Aga Khan Fund for financial improvement and Habib financial institution

2. high-quality asset satisfactory in the sector, with gross NPL ratio at 4.6% in comparison to an enterprise average of 11.5%

8. Stanbic Bank 1.The company and funding banking is a key driver for sales because it contributes to a majority of the banks overall earnings

 

 

Credits: Victormatara.com 

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