Top Shareholders In NSE Listed Banks

Kenya has 43 listed banks although only a fraction is listed in the NSE. Being listed in the NSE basically means that one offers the company shares to other individuals referred to as shareholder.

A shareholder by definition refers to an individual or institution that legally owns one or more shares of stock in a public or private corporation.

With that in mind, let us look at some of the top shareholders in NSE listed banks

EQUITY BANK
Equity Group Holdings is one of the leading Kenyan banking groups. Its activity is primarily organized around 2 sectors:
retail banking: sales of standard and specialized banking services (consumer credit, automobile loans, etc.) and finance banking.
At the end of 2017, the group had EUR3 billion in current deposits and EUR2.2 billion in current loans.
Its products and services are marketed through a network of 284 located in Africa and revenues are distributed geographically as follows: Kenya (78.8%), Congo (7.8%), Uganda (5.6%), Tanzania (4%), Rwanda (3.6%) and Sudan (0.2%).

The top 3 shareholders include:

Norfininvest AS – 452,581,275 ( 12.0% )
James Njuguna Mwangi PhD, CPA – 3.127,809,180 ( 3.39% )
British American Asset Managers Ltd. – 127,541,110 ( 3.38% )

BARCLAYS
Barclays Bank of Kenya is one of the main Kenyan banking groups. Net interest income breaks down by activity as follows:
retail banking (79.3%) and corporate banking (23.7%).
At the end of 2017, the group manages EUR 1,428.1 million of outstanding deposits and EUR1,408 million in outstanding loans. The products and services are marketed through a network of 115 branches located in Kenya.

The top 3 shareholders include:

Absa Group Ltd. 3,720,602,248 ( 68.5% )
LGM Investments Ltd. 83,328,320 ( 1.53% )
Goodwill Nairobi Ltd. 21,726,145 ( 0.40% )

CFC STANBIC

Stanbic Holdings is one of the Kenyan largest banking groups. Net interest income breaks down by activity as follows:
business bank and investment bank (53.7%) and retail bank and commercial bank (46.3%).
At the end of 2017, the group had EUR1,239.6 million in current deposits and EUR1,046.2 million in currents loans.

The top 3 shareholders include:

Standard Bank Group Ltd. 237,192,983 ( 60.0% )
Norges Bank Investment Management 8,081,792 ( 2.04% )
Coronation Asset Management (Pty) Ltd. 3,446,454 ( 0.87% )

I&M BANK
I&M Holdings is a holding company organized around 4 areas of activity: banking; insurance;real estate asset management;investment services.
Net sales break down geographically as follows: Kenya (77.5%), Rwanda (13.3%), Tanzania (6.6%), Mauritius (2.5%) and Uganda (0.1%).

The top 3 shareholders include:

Minard Holdings Ltd. 88,325,016 ( 21.4% )
Tecoma Ltd. 76,044,808 ( 18.4% )
Ziyungi Ltd. 73,548,000 ( 17.8% )

DIAMOND TRUST BANK
Diamond Trust Bank Kenya is a banking group organized primarily around 4 areas of activities:
retail bank;commercial bank;business bank;insurance.
At the end of 2017, the group had EUR2,133.9 million in current deposits and EUR1,571.3 million in current loans.
Products and services are marketed through a network of 136 branches located in Kenya (68), Uganda (36), Tanzania (28) and Burundi (4).
Net interest income breaks down as follows: Kenya (70.3%), Tanzania (15.8%), Uganda (12.9%), and Burundi (1%)

The top 3 shareholders include:

Aga Khan Fund for Economic Development SA 46,130,236 ( 16.5% )
Habib Bank Ltd. 45,159,849 ( 16.2% )
Jubilee Holdings Ltd. 27,806,043 ( 9.94% )

KCB GROUP
KCB Group is a banking group organized around 4 sectors of activities:
retail banking (37% of Net Interest Income);corporate banking (26.2%);market banking (22.1%);and mortgage financing (14.7%).
At the end of 2017, the group had EUR4 billion in current deposits and EUR3.4 billion in current loans.
The products and services are marketed through a network of 263 agencies located in Africa.
Net Interest Income breaks down geographically as follows: Kenya (91.4%), Tanzania (2.9%), Rwanda (2.6%), Uganda (2%), Burundi (0.8%) and Sudan (0.3%).

The top 3 shareholders include:

Government of Kenya 537,378,947 ( 17.5% )
National Social Security Fund Kenya 173,003,848 ( 5.64% )
Norges Bank Investment Management 56,269,276 ( 1.84% )

NIC BANK
NIC Bank is one of the Kenyan largest banking groups. Income breaks down by activity as follows:
retail banking (32.4%);investment banking (26.1%);market banking and brokerage services (22.1%);and business banking (19.4%).
At the end of 2016, the group had EUR1,016.2 million in current deposits and EUR1,027.2 million in current loans.
Products and services are marketed through a network of 40 agencies located primarily in Kenya (33).
Income breaks down geographically as follows: Kenya (90.7%), Tanzania (5.7%) and Uganda (3.6%).

The top 3 shareholders include:

First Chartered Securities Ltd. 111,521,352 ( 15.8% )
ICEA LION Asset Management Ltd. 64,463,608 ( 9.16% )
Livingstone Registrars Ltd. 61,457,168 ( 8.73% )

STANDARD CHARTERED BANK
Standard Chartered Bank Kenya is among the Kenyans banking group leaders. Net interest income breaks down by activity as follows: retail banking (41.6%): classical and specialized banking products and services sale (consumer credit, real estate credit, insurance, etc.);financing, investment and market banking (22.7%): specialized financing (of acquisitions, of projects, etc.),intervention on shares, rate and change, operations on shares, consulting on merger-acquisitions, etc.;commercial banking (9.3%) and other (26.4%).
At the end of 2017, the group manages EUR1.7 billion of current deposits and EUR1 billion of current credits.
Products and services marketing is ensured through a network of 36 branches located in Kenya.

The top 3 shareholders include:

Standard Chartered Plc 255,266,000 ( 74.3% )
Kabarak Ltd. 3,531,000 ( 1.03% )
Norges Bank Investment Management 1,738,379 ( 0.51% )

CO-OPERATIVE BANK
Co-operative Bank of Kenya is one of Kenya’s leading banking groups. Net banking income breaks down by activity as follows: retail banking (51%); investment banking (47%); and other (2%).
At the end of 2016, the group managed EUR2.3 billion in current deposits and EUR2 billion in current loans.
Net banking income is distributed geographically as follows: Kenya (99.2%) and South Africa (0.8%).

The top 3 shareholders include:

Co-op Holdings Co-operative Society Ltd. 3,787,715,405 ( 64.6% )
Gideon Maina Muriuki, PhD 110,083,700 ( 1.88% )
Aunali F Rajabali 24,000,000 ( 0.41% )