Leading banks in East Africa 2020, by tier 1 capital

Published by Julia Faria, Jun 23, 2021
Commercial Bank of Ethiopia ranked as the leading bank in East Africa, according to the level of tier 1 capital, which consists of core capital, reserves, retained earnings, and minority interests. The financial institution registered capital of roughly 1.7 billion U.S. dollars. Kenya Commercial Bank (KCB) and Equity Bank followed with tier 1 capital evaluated at 1.2 billion U.S. dollars and 1.1 billion U.S. dollars, respectively.

Leading banks in East Africa as of 2020, by tier 1 capital (in million U.S. dollars)

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Source

Release date

November 2020

Region

Africa

Survey time period

2020

Supplementary notes

Figures have been rounded.

The source adds the following information: "The ranking for the Top 100 Banks survey uses Tier 1 capital which consists of capital + reserves + retained earnings + minority interests. The figures in local currencies are converted into US dollars at the foreign exchange rates on 31 December 2019 or on the year-end date in the results. Data comes from Moody’s Analytics BankFocus, Bankers’ Almanac and from African Business inhouse research. We have excluded some banks where data is old or unreliable".

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