Kenya’s three largest banks are twice as efficient as their peers from elsewhere in Africa in extracting income from their assets, backed by higher interest earnings and improved cost efficiency due to digitisation.
A new analysis by rating agency Moody’s says KCB Group, Equity Group and Co-operative Bank are set to end this year with an average Return on Assets (RoA) of 3.8 percent, which will be their highest since 2016.
