Kenya Commercial Bank (KCB) ranked as the leading bank in East Africa, according to the level of tier 1 capital, which consists of core capital, reserves, retained earnings, and minority interests. The financial institution registered capital of roughly 1.4 billion U.S. dollars. Equity Bank Group of Kenya and Commercial Bank of Ethiopia followed with tier 1 capital evaluated at 1.2 billion U.S. dollars and 940 million U.S. dollars, respectively.
Leading banks in East Africa as of 2022, by tier 1 capital
(in million U.S. dollars)
The source adds the following information:
"The ranking for the Top 100 Banks survey uses Tier 1 capital which consists of capital + reserves + retained earnings + minority interests. The figures in local currencies are converted into US dollars at the foreign exchange rates on 31 December 2019 or on the year-end date in the results. Data comes from Moody’s Analytics BankFocus, Bankers’ Almanac and from African Business inhouse research. We have excluded some banks where data is old or unreliable".
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The Banker. (October 1, 2022). Leading banks in East Africa as of 2022, by tier 1 capital (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1245946/leading-banks-in-east-africa-by-tier-1-capital/
The Banker. "Leading banks in East Africa as of 2022, by tier 1 capital (in million U.S. dollars)." Chart. October 1, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1245946/leading-banks-in-east-africa-by-tier-1-capital/
The Banker. (2022). Leading banks in East Africa as of 2022, by tier 1 capital (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1245946/leading-banks-in-east-africa-by-tier-1-capital/
The Banker. "Leading Banks in East Africa as of 2022, by Tier 1 Capital (in Million U.S. Dollars)." Statista, Statista Inc., 1 Oct 2022, https://www.statista.com/statistics/1245946/leading-banks-in-east-africa-by-tier-1-capital/
The Banker, Leading banks in East Africa as of 2022, by tier 1 capital (in million U.S. dollars) Statista, https://www.statista.com/statistics/1245946/leading-banks-in-east-africa-by-tier-1-capital/ (last visited November 21, 2024)
Leading banks in East Africa as of 2022, by tier 1 capital (in million U.S. dollars) [Graph], The Banker, October 1, 2022. [Online]. Available: https://www.statista.com/statistics/1245946/leading-banks-in-east-africa-by-tier-1-capital/
