Kenya: market share of commercial banks

KCB Bank Kenya had a market share of just over 14 percent in the Kenyan banking industry as of 2022. It was the largest financial institution in the country, considering net assets, customer deposits, capital and reserves, number of deposit accounts, and number of loan accounts. Equity Bank and NCBA Bank followed, each with a market share of almost 13 percent and just over nine percent, respectively. Nine commercial banks had a market share of over five percent and belonged to the group of largest institutions in the country. Altogether, they had a market share of around 75 percent of the Kenyan bank industry.

Market share of major commercial banks in Kenya as of 2022

Characteristic	Market share
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Release date

May 2023

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Region

Kenya

Survey time period

2022

Supplementary notes

The source adds the following information:
"The Kenyan commercial banks are classified into three peer groups using a weighted composite index. The index comprises net assets, customer deposits, capital and reserves, number of deposit accounts and number of loan accounts. A bank with a weighted composite index of 5 percent and above is classified as a large bank. A medium bank has a weighted composite index of between 1 percent and 5 percent while a small bank has a weighted composite index of less than 1 percent".

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