Saturday, July 27, 2024

List of best Banks in Kenya

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Nyongesa Sande
Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

List of best Banks in Kenya. A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

Whereby banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.

Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank is Berenberg Bank (founded in 1590).

GTBank Thika Branch

  • Address:Kwame Nkrumah / Cross Road Roundabout, Kigio Plaza, Thika
  •  City/Town: Thika
  •  Telephone Number: +254 703 084 230 / 1
  •  Email Address:
  •  Website: https://www.gtbank.co.ke/

Standard Chartered Bank JKIA Branch

  •  Address:Jomo Kenyatta International Airport, Cargo Road, Freight terminal, Nairobi
  •  City/Town: Nairobi
  •  Telephone Number:
  •  Email Address:
  •  Website: https://www.sc.com/ke

This is a list of notable commercial banks in Kenya Licensed commercial banks

  1. ABC Bank (Kenya)
  2. Absa Bank Kenya
  3. Access Bank Kenya
  4. Bank of Africa
  5. Bank of Baroda
  6. Bank of India
  7. Citibank
  8. Consolidated Bank of Kenya
  9. Cooperative Bank of Kenya
  10. Credit Bank
  11. Development Bank of Kenya
  12. Diamond Trust Bank
  13. Dubai Islamic Bank
  14. Ecobank Kenya
  15. Equity Bank Kenya
  16. Family Bank
  17. First Community Bank
  18. Guaranty Trust Bank Kenya
  19. Guardian Bank
  20. Gulf African Bank
  21. Habib Bank AG Zurich
  22. Housing Finance Company of Kenya
  23. I&M Bank
  24. Imperial Bank Kenya (In receivership)
  25. Kingdom Bank Limited
  26. Kenya Commercial Bank
  27. Mayfair Bank
  28. Middle East Bank Kenya
  29. M Oriental Bank
  30. National Bank of Kenya
  31. NCBA Bank Kenya
  32. Paramount Universal Bank
  33. Prime Bank (Kenya)
  34. SBM Bank Kenya
  35. Sidian Bank
  36. Spire Bank
  37. Stanbic Holdings Plc
  38. Standard Chartered Kenya
  39. United Bank for Africa
  40. Victoria Commercial Bank

Representative offices of foreign banks

  1. HDFC Bank
  2. Nedbank
  3. FirstRand Bank
  4. Bank of China
  5. JP Morgan Chase
  6. Bank of Kigali
  7. Bank AL Habib
  8. Banque Misr

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