Banking institutions are indispensable to any nation’s economy and financial setup. They provide borrowing/saving opportunities and other important facilities to the general public and corporate entities. Customers are increasingly likely to rely on the large banks that can provide national or even global services, and which can offer more competitive interest rates. Market capitalization is the cumulative value of a company, including all subsidiaries and commercial assets. The corporate market capitalization is calculated from the stock exchange price of its shares.
Here are the top 10 most valuable banks in Kenya.
Rank | Bank | Market cap |
1. | Equity Bank Kenya | $1.99 billion |
2. | Kenya Commercial Bank | $1.49 billion |
3. | Co-operative Bank of Kenya | $751 million |
4. | Absa Bank Kenya | $646 million |
5. | Standard Chartered Bank Kenya | $566 million |
6. | NCBA | $427 million |
7. | I&M | $354 million |
8. | Stanbic | $346 million |
9. | Diamond Trust Bank Kenya | $168 million |
10. | Housing Finance Company of Kenya | $14 million |