National Bank of Kenya welcomes ranking in new banking survey

The National Bank of Kenya (NBK) has welcomed the findings of a banking report from Nairobi-based Cyntonn Investments.

The firm reviewed key banking ratios and metrics for 11 banks listed at the Nairobi Securities Exchange, and ranked them based on their performance.

It placed NBK in second position on its loan to deposit ratio — which measures the ability of an institution to cover customer withdrawals — and 11th on its cost to income ratio — which is got by dividing operating costs by income received. Overall, the survey ranked NBK 10th, with CFC Stanbic taking first position.

NBK said the survey is useful in helping it benchmark itself against its peers as it continues with its restructuring process.