Kenyan banks beat global peers in profitability despite rate caps

A Kenya Commercial Bank branch in Rwanda. FILE PHOTO | NMG

Top Kenyan banks have continued to outperform their global peers’ profitability, even as they push for the repeal of the law that caps interest rates, a newly released global banking report says.

London-based Financial Times newspaper says in its 2018 report that Kenya’s three largest lenders, KCB #ticker:KCB , Equity Bank #ticker:EQTY and Co-operative Bank #ticker:COOP are among the world’s top 20 in terms of return on assets (RoA).

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Note: The results are not exact but very close to the actual.