Kenya’s Top 10 Banks by Total Assets in 2023

Discover the top 10 largest banks in Kenya by total assets in 2023, according to official data from the Central Bank of Kenya.

KCB Bank Kenya Limited

Total Assets: KSh 1.425 trillion
Market Share: 17.4%

Equity Bank Kenya Limited

Total Assets: KSh 1.004 trillion
Market Share: 12.2%

NCBA Bank Kenya PLC

Total Assets: KSh 661.7 billion
Market Share: 9.2%

Co-operative Bank of Kenya

Total Assets: KSh 624.3 billion
Market Share: 8.8%

Absa Bank Kenya PLC

Total Assets: KSh 520.3 billion
Market Share: 6.6%

Standard Chartered Bank Kenya

Total Assets: KSh 429.3 billion
Market Share: 5.9%

Stanbic Bank Kenya

Total Assets: KSh 449.6 billion
Market Share: 5.8%

I&M Bank Limited

Total Assets: KSh 405.6 billion
Market Share: 5.4%

Diamond Trust Bank Kenya

Total Assets: KSh 399.6 billion
Market Share: 5.3%

Bank of Baroda (Kenya) Limited

Total Assets: KSh 201.9 billion
Market Share: 2.8%

These rankings illustrate the dominance of large Tier 1 banks, which collectively control over
76% of the market share. Strategic expansions, increased deposit mobilisation, and robust
lending practices underpin the sector’s strong performance​