List Of Tier 1 Banks In Kenya

This is a list of all Tier 1 banks in Kenya. Commercial banks in Kenya are categorized into three groups: Tier 1, Tier 2, and Tier 3. This classification is based on a weighted index that considers net assets, capital, reserves, customer deposits, and the number of loans and deposit accounts. Tier 1 banks are considered safe by the Central Bank of Kenya (CBK) and control 75.6 % of the market share in the Kenyan banking sector.

According to the CBK, Tier 1 banks have a weighted index of five percent and above, Tier 2 banks have an index between one and five percent, and Tier 3 banks have a weighted index below zero percent.

Below are the nine Tier 1 banks in Kenya, ranked according to market share. The market share data is obtained from the Central Bank of Kenya's Supervision Annual Report of 2024.

List of Tier 1 Banks In Kenya

  Bank Market Size Index Total Assets (Ksh Million)
1 KCB Bank Kenya Limited 16.6 % 1,277,767
2 Equity Bank Kenya Ltd 12.8 % 1,027,680
3 Co-operative Bank of Kenya Ltd 9.6 % 687,823
4 NCBA Bank Kenya PLC 8.3 % 588,703
5 Absa Bank Kenya PLC 6.6 % 506,129
6 Stanbic Bank Kenya Ltd 5.7 % 445,248
7 I & M Bank Limited 5.4 % 414,873
8 Standard Chartered Bank (K) Ltd 5.4 % 385,206
9 Diamond Trust Bank Kenya Limited 5.2 % 381,137

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