Equity tops new banking survey in Kenya

NAIROBI: Equity Bank climbed from position four to top the latest ranking of Kenya’s listed commercial banks, even as Housing Finance maintained its spot at the bottom.

The Cytonn Banking Sector Report for the first half of this year, compiled by investment firm Cytonn, puts Equity in first position for its high return on capital, efficiency and revenue diversification. The lender also had the best return on average common equity (ROACE), meaning the bank used shareholders’ money optimally.