KCB overtakes Equity as Kenya's largest bank with Sh1.55tr assets

Equity chief executive James Mwangi and his KCB counterpart Paul Russo. Disclosures by the two top banks paint a picture of a cutthroat race to become regional banking kings. [File, Standard]

KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an aggressive expansion of foreign subsidiaries.

KCB's total assets stood at Sh1.55 trillion in the year ending December, compared to Equity's total assets of Sh1.44 trillion, regulatory filings show.