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 is based on a weighted index of all their net assets, capital, and reserves, customer deposits, number of loans and deposit accounts. These banks are considered to be safe by CBK and control almost 50% of the Kenyan banking sector market share.

According to the Central Bank of Kenya, Tier 1 banks have a weighted index of five percent and above, Tier banks have an index of between one and five percent while Tier three banks have a weighted index of below 0 percent.

Below are the 9 tier one banks in Kenya ranked according to their market share. The market share data is obtained from the Central Bank Of Kenya  Supervision Annual Report of 2022.

List of Tier 1 Banks In Kenya

Bank Key Drivers



Kenya Commercial Bank (KCB)

​-KCB Mpesa is a key growth driver in terms of deposits and loans​​

Alternative channels; mobile banking and agency banking.

Market Share: 14.20%




​​Equity Bank

-The digitization strategy of the Bank, with the rollout of the Eazzy Banking App and Equitel-the 2nd largest mobile money transfer service​.

Market Share: 12.67%





​-The merger between NIC Bank and Commercial Bank Of Africa.

Market Share: 10.01 %




Cooperative Bank

​-It has a large Sacco banking base, and the opportunity to grow upon the model.

Market Share: 9.24%




Absa Bank

​​-Cheaper funding from its parent company and has not had borrowings historically.

Market Share: 6.69%




Standard Chartered Bank


-Strong in the corporate banking business

Market Share: 5.81 %


7 Stanbic Bank Kenya -Corporate and Investment banking is a key driver for revenue as it contributes to a majority of the bank’s total income.

Market Share: 5.74%

8 Diamond Trust Bank Kenya Limited ​​-Strong backing from financing partners, i.e. Aga Khan Fund for Economic Development and Habib bank​​

-Best asset quality in the sector, with a gross NPL ratio of 4.6% compared to an industry average of 11.5%

Market Share: 5.63%

9 I&M Holdings -Geographical diversification

Market Share: 5.15%

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