Cooperative Bank of Kenya #ticker:COOP has overtaken Equity Bank #ticker:EQTY to hold the second largest gross loan book in the banking sector as at the end of 2016, reflecting the latter’s shift to government securities following the rate cap.
The Central Bank of Kenya (CBK) 2016 banking supervision annual report shows that Co-op Bank had issued gross loans of Sh241.4 billion last year, ahead of Equity’s Sh221.03 billion.
