List of Commercial Banks in Kenya 2020

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Looking for a list of commercial banks in Kenya 2020? Well, there are a number of commercial banks in Kenya which form a significant part of the country’s financial institution system.

These financial institutions accept deposits, offer checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. In this respect, credit creation is the most significant function of commercial banks.

Characteristics of commercial banks

  • They are set up with the aim of making profit.
  • Accept deposits; current account, savings account and fixed deposits.
  • Gives loans and advances for individuals and companies.
  • Does investments.
  • Limited liability company.
  • Overdraft facility.
  • Owned by private individuals or collections of private individuals acting as shareholders.
  • Members of the money market.
  • Regulated by government institutions.
  • Performs general utility services.

Here are some of the best commercial banks in Kenya;

List of commercial banks in Kenya 2020

Kenya  Commercial Bank, KCB

Kenya Commercial Bank is a product of KCB Group.  It is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running the Agency banking model.

KCB is one of the best commercial banks in Kenya.

Email: contactcentre@kcbgroup.com

Phone: +254 (711) 087000

Website: ke.kcbgroup.com

Equity Bank

Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low-income population.

Equity Bank Limited is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The Bank is licensed under the Kenya Banking Act (Chapter 488) and continues to offer retail banking, microfinance and related services.

The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda, and Tanzania.  Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange.

Phone: +254 763 063 000

Website: ke.equitybankgroup.com

Co-operative Bank

Co-operative Bank of Kenya is another commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Website: co-opbank.co.ke

Email: Customerservice@co-opbank.co.ke

Phone: 0736690101

Barclays Bank

Barclays Bank of Kenya is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Website: barclays.co.ke

Email: Barclays.kenya@barclaysafrica.com

Phone: +254(732)130120, +254(722)130120

CFC Stanbic Bank

Stanbic Holdings plc, formerly known as CfC Stanbic Holdings Limited, is a financial services organization in Kenya. The Group’s headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan.

Website: stanbicbank.co.ke

Phone: +254 20 3268 888, +254 07 11 068 888

Email: customercare@stanbic.com

Standard Chartered

Standard Chartered Kenya is a commercial bank in Kenya. It is a subsidiary of the British multinational financial conglomerate headquartered in London, United Kingdom, known as Standard Chartered.

Website: sc.com/ke

Phone: +254 20 329 3900, +254 703 093 900

Email: Ke.Service@sc.com

I&M Holdings

I&M Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Website: imbank.com

Email: customercare@imbank.co.ke

Phone: +254 20 322 1000

Family Bank

Family Bank became a fully-fledged commercial bank in May 2007. The Bank is regulated by the Central Bank of Kenya (CBK) and is also regularly inspected using CAMEL ratings which look at capital, assets, management, earnings, and liquidity.

The bank is a member of the Deposit Protection Fund (DPF) meaning that customers’ deposits are protected.

Website: familybank.co.ke

Phone: +254 (0) 703 095 445, +254 (0) 703 095 000

Diamond Trust Bank

Diamond Trust Bank Group, in short, DTB Group, is an African banking group active in Burundi, Kenya, Tanzania, and Uganda. It is a leading regional bank, listed on the Nairobi Securities Exchange (NSE).

Website: dtbk.dtbafrica.com

Phone: (254-719) 031 888, (254-732) 121 888

Email: contactcentre@dtbafrica.com

ECO Bank

Ecobank Kenya is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Ecobank Kenya (EKE) had an asset base of Kes 54.5 billion as at 31st December 2018. The bank currently has 18 branches and over 30 ATMs located in different parts of the country.

Website: ecobank.com/ke

Phone: +254 719 098 000

Email: kenya@ecobank.com

All these are some of the best commercial banks in Kenya.

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