This is a comprehensive list of all Tier 2 banks in Kenya, categorized as medium-sized banks by the Central Bank of Kenya. The classification of commercial banks into Tier 1, Tier 2, and Tier 3 is based on a weighted index that includes factors such as net assets, capital, reserves, customer deposits, and the number of loans and deposit accounts.
According to the latest Bank Supervision Annual Report from the Central Bank of Kenya, there are eight commercial banks classified as Tier 2. These medium-sized banks collectively hold a market share of 16.29%.
List of Tier 2 Banks in Kenya:
- Bank of Baroda (K)
Total Net Assets: Ksh 201,938,448
Market Size Index: 2.8% - Citibank N.A. Kenya
Total Net Assets: Ksh 166,064,763
Market Size Index: 2.7% - National Bank of Kenya
Total Net Assets: Ksh 151,772,199
Market Size Index: 2.3% - Family Bank
Total Net Assets: Ksh 142,315,712
Market Size Index: 1.8% - Bank of India
Total Net Assets: Ksh 103,082,409
Market Size Index: 1.8% - National Bank of Kenya
Total Net Assets: Ksh 161,106,364
Market Size Index: 1.7% - SBM Bank (Kenya)
Total Net Assets: Ksh 94,919,435
Market Size Index: 1.1% - Ecobank Kenya
Total Net Assets: Ksh 103,936,673
Market Size Index: 1.0%
