Top 10 best banks in kenya 2022
best banks in kenya for savings or loans; best international banks in kenya; top 10 banks in kenya 2022
Banks in Kenya are under the supervision of Benki Kuu ya Kenya or the Central Bank of Kenya (CBK). Headquartered in Nairobi, the Central Bank of Kenya was established in 1966, following the dissolution of the East African Currency Board. The central bank is responsible for setting monetary policy aimed at maintaining price stability. Other responsibilities include forming and implementing foreign exchange policies, promoting financial stability, and issuing currency.
For anyone considering a banking career in Kenya, our list of the best banks in Kenya will provide you with the helpful guide on where to start.
Best Banks In Kenya 2022
Equity Group Holdings Financial Services was founded in 1984. It offers a wide range of financial products and services, including loans, mortgages, investments, debit and credit cards, retail banking and microfinance.
The bank operates through 335 branches and operates 720 ATMs. Headquartered in Nairobi, it also operates subsidiaries in other countries, such as South Sudan, Rwanda and Uganda.
Net income: KES 19.79 billion (2020)
Total assets: KES 1.02 trillion (2020)
Standard Chartered Bank Kenya Limited, commonly known as Standard Chartered Kenya, is a commercial bank that offers banking products and services such as transaction accounts, loans, savings, debit cards and investments.
Founded in 1911, and thus the oldest bank in Kenya, it is a subsidiary of Standard Chartered, the British multinational financial group. Headquartered in Nairobi, it oversees a network of 36 branches and 108 ATMs across the country.
Net income: KES 5.44 billion (2020)
Total assets: KES 325.61 billion (2020)
Barclays Bank Kenya started its operations in the country in 1916, making it also one of the oldest banks in Kenya. It is also one of the leading banks in terms of international and domestic resources, as well as in terms of financial strength.
The bank provides a range of products and services, including loans, savings, credit cards, mortgages, and investments to individuals and small and large business customers. Based in Nairobi, it operates as a subsidiary of UK-based Barclays Bank.
Net income: KES 19.79 billion (2020)
Total assets: KES 1.02 trillion (2020)
Kenya Commercial Bank is a financial services provider established in 2015. With 168 branches, it has the largest banking network of any bank in Kenya. The bank offers many banking products and services, such as credit cards, loans, savings, mortgages, and investments. Based in Nairobi.
With over 3.5 million accounts in 2013, Cooperative Bank of Kenya oversees the second largest client base in the country. It provides a range of banking services, such as loans, savings, debit cards, checking and investments.
The bank operates 155 branches in Kenya, four in South Sudan, and about 583 ATMs. Founded in 1965, and headquartered in Nairobi.
Net income: KES 10.81 billion (2020)
Total assets: KES 552.93 billion (3/2022)
Diamond Trust Bank Kenya Ltd (DTB) offers a variety of banking products and services including mortgages, investments, insurance, savings and deposit accounts, debit and credit cards, money transfers and asset finance.
DTB’s flagship company is the Diamond Trust Bank Group, a major financial institution in East Africa, with a strong presence in other countries such as Uganda and Tanzania. Based in Nairobi, the bank was founded in 1945.
Net income: KES 3.25 billion (2020)
Total assets: KES 425.05 billion (2020)
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