Stiff market competition in the banking Industry has seen numerous banks readjust their positions, the 2017 Annual Bank Supervision Report by Central Bank of Kenya has indicated.
The CBK report focusing majorly on market share analysis indicated the prolonged political season and capping of interest rates led to readjustment of performance margins between the banks.
Send ‘NEWS’ to 40227 to receive all the important breaking news as it happens. Joshua Oigara the KCB Bank Group CEO, Bob Collymore the Safaricom CEO, and Jeremy Ngunze the CBA CEO during the launch of KCB Mpesa Account. Photo: KCB Group/Facebook. Source: Facebook Joshua Oigara the KCB Bank Group CEO, Bob Collymore the Safaricom CEO, and Jeremy Ngunze the CBA CEO during the launch of KCB Mpesa Account. Photo: KCB Group/Facebook.
Here is a list of how the banks performed according to CBK’s ranking as compiled by TUKO.co.ke:
1. Kenya Commercial Bank
Kenya Commercial Bank (KCB) retained the top position it attained in the previous year. The bank posted a market share index of 14.4%. 2. Co-operative Bank
Co-operative Bank distantly followed KCB with a market share index of 9.93%. This meant Co-operative rose and displaced Equity Bank which held the position in the 2016 analysis. Co-operative bank was second with market share index of 9.93%. Photo: Co-op Bank Kenya/Facebook. Source: Facebook Co-operative bank was second with market share index of 9.93%. Photo: Co-op Bank Kenya/Facebook.
Source: Facebook 3. Equity Bank
Equity Bank came a close third to Co-operative Bank posting a market share index of 9.85 %. This was a drop from the second position at the expense of Co-operative. 4. Standard Chartered Bank
Stanchart posted a market share index of 7.11%/. The bank rose from fifth to the current fourth position. 5. Diamond Trust Bank
The bank posted a market share index of 6.72% closely following Stanchart. It climbed steadily from sixth position. 6. Barclays Bank Old time Barclays recorded a market share index of 6.57% in the 2017 CBK report setlling for position six.This meant the bank dropped two places from the fourth position in the 2016 ranking. The report did not indicate whether a loss of market share encountered by Barclays contributed to its drop. 7. Commercial Bank of Africa CBA recorded a market share index of 6.05% in the analysis report. 8. Stanbic Bank Stanbic Bank climbed up to the eighth position to get to the top […]