Top best Banks in Kenya 2022

Top Banks in Kenya,Top 15 Best Banks In Kenya 2022;- This overview of banks in Kenya provides a comprehensive view of the banking sector in the country. It includes information on bank branches, customer service, products and services offered, and how to get started with banking.

Overview of Banks in Kenya

Banks in Kenya are supervised by the Central Bank of Kenya (CBK). CBK was formed following the dissolution of the East African Currency Board, which was in charge of establishing a monetary policy that aimed to maintain stability of prices. Other responsibilities include forming and implementing foreign exchange policies, promoting financial Stability, and issuing currency.

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

Moody’s affirmed Kenya’s B2 government rating on 13 May 2021, with a negative outlook. This follows Moody’s decision to affirm Kenyan’s B2 government rating, with a negative outlook on 15 February 2021.

This list of top Kenyan banks is a helpful guide on where to start when looking for a banking career in Kenya. To learn more, we recommend our list of financial institutions.

The Top Banks in Kenya Include:

Equity Group Holdings

Equity Group Holdings is a financial services provider with a long history of providing innovative and helpful products and services. They offer loans, mortgages, investments, debit cards, retail banking, and microfinance through their branches around the world.

The bank is headquartered in Nairobi and has 335 branches across the Kenyan capital. Other subsidiaries include South Sudan, Rwanda, and Uganda.

  • Net income: KES 19.79 billion (2020)
  • Total assets: KES 1.02 trillion (2020)

Standard Chartered Bank Kenya

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

Standard Chartered is the oldest bank in Kenya. It is a subsidiary of Standard Chartered, the British multinational financial group. Its branches and ATMs are located throughout Kenyan society and it oversees a network of 36 branches and 108 ATMs.

  • Net income: KES 5.44 billion (2020)
  • Total assets: KES 325.61 billion (2020)

Barclays Bank Kenya

Barclays Bank Kenya was founded in 1916 and is one of the oldest banks in Kenya. It is also one of the leading banks in terms of international resources, as well as domestically and internationally. In addition to its role as a financial giant, Barclays Bank Kenya has a long history with regard to social responsibility.

The bank offers a variety of products and services, including loans, savings, credit cards, mortgages, and investments to individuals and small business customers. It is headquartered in Nairobi, Kenya.

  • Net income: KES 19.79 billion (2020)
  • Total assets: KES 1.02 trillion (2020)

Kenya Commercial Bank – KCB Bank Kenya

With 168 branches in Kenya, the Kenyan Commercial Bank is one of the largest financial service providers in the country. It provides a variety of banking products and services, such as credit cards, loans, savings, mortgages, and investments. The bank’s headquarters is located in Nairobi.

Cooperative Bank of Kenya

The Cooperative Bank of Kenya is one of the largest banks in Kenya. It offers a wide range of banking services such as loans, savings, debit cards, checking, and investments.

The bank is headquartered in Nairobi, and it operates 155 branches in Kenya. It was established in 1965.

  • Net income: KES 10.81 billion (2020)
  • Total assets: KES 552.93 billion (3/2021)

Diamond Trust Bank of Kenya

DTB provides banking products and services, including mortgages, investments, insurance, savings and deposit accounts, debit and credit cards, money transfer services, and asset finance.

DTB is a leading financial institution based in Nairobi, Kenya. The bank was founded in 1945 and has been providing high-quality financial services to the community since then.

  • Net income: KES 3.25 billion (2020)
  • Total assets: KES 425.05 billion (2020)

National Bank of Kenya

National Bank of Kenya is a government-owned bank in Kenya. It provides a variety of products, including savings, loans, checking, debit and credit cards, and investments to individuals, SMEs, and large corporations.

  • Net income: KES 177.73 million (2020)
  • Total assets: KES 126.84 billion (2020)

Stanbic Bank

Stanbic Bank is a commercial bank, which provides banking products and services includingcommercial, retail, and private banking. It also has an asset management division that offers investment advice as well as credit cards and mortgages.

Stanbic Bank was adopted as the trading name for Standard Bank Group’s ANZ Grindlays Bank in 1992. This distinguished it from Standard Chartered Bank, the former parent bank of StandardBank.

  • Net income: KES 5.19 billion (2020)
  • Total assets: KES 328.59 billion (2020)

Careers in Investment Banking

To break into investment banking, you need to focus on networking and resume-making. Experience is also key, as many jobs in the industry require a minimum amount of experience. Financial modeling skills are another important factor for those looking to enter the field. To learn more about how to break into investment banking, explore our interactive career map:

With our financial modeling courses, you will have a significant advantage over the competition.

Additional Resources

This guide is for someone looking for a career in banking. If you’re interested in finding a career, this list of top banks in Kenya is a great place to start your networking. Additionally, see these additional resources: LISTEN>>

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