Financial Institutions in Kenya

Some of the top financial institutions in Kenya are Equity Bank, KCB Bank Group, Family Bank Ltd, Industrial and Commercial Development Corporation (ICDC), among others.

Equity Bank was the first African financial institution to win the inaugural Africa Investor Financial Reporting Award for its leadership and efforts in financial reporting. In addition, it has been named the best bank in the Kenya Banking awards. Equity bank was named the bank of the year at the 2009 Banking Awards ceremony. The awards recognize the best financial institutions in Kenya.

The Kenya Commercial Bank (KCB) Group is the leading institution in Kenya's banking and financial sector. The bank is ranked as one of the most profitable banking institution in Kenya as measured by its pre-tax profit. In 2008, its pre-tax profits leaped by 42% to KShs6 billion. Additionally, KCB is the 2009 Best Bank in Kenya, according to Euromoney Magazine.

Family Bank Ltd is one of the top leading financial institutions in the Kenyan market that serves micro-, small and medium sized enterprises. Family Bank is regulated by the Central Bank of Kenya (CBK) and is regularly inspected using CAMEL ratings which look at Capital, Assets, Management, Earnings and Liquidity.

The Industrial and Commercial Development Corporation (ICDC) is one of the top financial institutions in Kenya. It is the pioneer Development Finance Institution (DFI) established through an Act of Parliament in 1954 to facilitate industrial and economic growth in the country.

* Featured Articles:

Investment Banks in Kenya

Top Largest Banks in Kenya

Investment Companies in Kenya
0 comments: