East African banks ranked among world’s top performers
A shop with various agency banking counters in Nakuru. KCB, Equity, Diamond Trust, Co-Op bank have remained resilient. FILE PHOTO | NMG
What you need to know:
The banks weathered a tough operating environment in 2019 to post stronger growth while cushioning themselves against further shocks.
KCB, Equity, Diamond Trust Bank and Co-operative Bank remained resilient in a tough operating environment to maintain an upward growth in profitability.
They made significant strides in strengthening their balance sheets (assets) and increasing their Tier 1 capital in line with the Basel III requirements.
