COLLOH-MZII RELOADED
JF-Expert Member
- Apr 6, 2017
- 7,544
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Here are the top 10 most profitable banks in East Africa..its sad that only kenyan banks make it in the top 10 this proves that uganda,tanzania and Rwanda need to up there game.
1 (1) KCB Kenya’s largest bank. growing at 5% year, going to embrace digital in a few weeks. KShs 480 billion in assets, 19.2 billion in pre-tax profit, with Kshs 372 billion of deposits and Kshs 332 billion of loans
2 (2) Equity Bank. Kshs 380 billion of assets and 19.1 billion profit. Deposits grew 15% in the year but they have put most of that in government securities.
3 Cooperative Bank: Kshs 352 billion assets and 15 billion profit. Coop is using digital and agents to contain costs.
4 Standard Chartered: Kshs 264 billion assets and 10.7 billion profit.
5 Barclays: Still keen on growing in Kenya despite parent Barclays having to sell off the Africa unit. Growing at 10% a year, Kshs 264 billion assets and 8.7 billion profit.
6 Diamond Trust: Still growing at 20%, probably benefiting from the fallout at Imperial. Kshs 230 billion assets and 6.2 billion profit.
7 Stanbic: Shed the CFC part of the CFC-Stanbic name 10 years after the merger
8 Commercial Bank of Africa. CBA was the the largest bank by customer numbers, thanks to M-pesa powered M-shwari, but loans are flattening. Kshs 211 billion assets, 5.4 billion profit.
9 I&M Bank Made an After tax profit of 5.02 billion kenyan shillings
10 NIC bank. Kshs 156 billion assets, and 4.5 billion profits.
11. Citibank: breaks out of the top 10. Kshs 116 billion assets, and 4.1 billion profits.
1 (1) KCB Kenya’s largest bank. growing at 5% year, going to embrace digital in a few weeks. KShs 480 billion in assets, 19.2 billion in pre-tax profit, with Kshs 372 billion of deposits and Kshs 332 billion of loans
2 (2) Equity Bank. Kshs 380 billion of assets and 19.1 billion profit. Deposits grew 15% in the year but they have put most of that in government securities.
3 Cooperative Bank: Kshs 352 billion assets and 15 billion profit. Coop is using digital and agents to contain costs.
4 Standard Chartered: Kshs 264 billion assets and 10.7 billion profit.
5 Barclays: Still keen on growing in Kenya despite parent Barclays having to sell off the Africa unit. Growing at 10% a year, Kshs 264 billion assets and 8.7 billion profit.
6 Diamond Trust: Still growing at 20%, probably benefiting from the fallout at Imperial. Kshs 230 billion assets and 6.2 billion profit.
7 Stanbic: Shed the CFC part of the CFC-Stanbic name 10 years after the merger
8 Commercial Bank of Africa. CBA was the the largest bank by customer numbers, thanks to M-pesa powered M-shwari, but loans are flattening. Kshs 211 billion assets, 5.4 billion profit.
9 I&M Bank Made an After tax profit of 5.02 billion kenyan shillings
10 NIC bank. Kshs 156 billion assets, and 4.5 billion profits.
11. Citibank: breaks out of the top 10. Kshs 116 billion assets, and 4.1 billion profits.