BANKING & FINANCE

    Best Banks In Kenya: 2019 Think Business Banking Awards

    David IndejeBy No Comments3 Mins Read
    ABC Bank Recognised for Being the Cheapest Lender for SMEs in Kenya
    ABC Bank staff receive the awards for Winner - Bank with the lowest charge Overall and 2nd Runners-Up - Bank with the Lowest Charges for Individuals from Digital Brands Group CEO Chris Bitti during this year's Think Business Banking Awards Gala held at the Movenpick Hotel in Nairobi

    Think Business Limited Unit presented its 14th annual awards for the 2019 Banking Awards. The awards recognises banks and micro-lenders for outstanding product innovation and services to both retailers and Small and Medium Enterprises.

    “Our aim is to draw the attention of the banking public to the performance of the various players in the sector, consequently encouraging competition. The awards are won on a combination of merits, including financial soundness, opinion polls, market re-search and professional assessments. The overall winner, The Best Bank in Kenya, is usually the bank with an all-around appeal,” according to Think Business.

    Kenya’s second-biggest lender by assets, Equity Group, emerged as the overall best bank at the 2019 Think Business Awards. The bank won in sustainable corporate responsibility, mobile banking, small and medium enterprises (SME) banking, digital banking category and in agriculture and livestock financing.

    Most efficient bank award

    1. Bank of Baroda
    2. Bank of India
    3. I&M Bank Ltd

    Bank with the lowest charge for individuals

    1. Equity Group
    2. Standard Chartered
    3. ABC Bank Group

    Bank with lowest charge for SMEs

    1. Paramount Bank
    2. I&M Bank Ltd
    3. United Bank for Africa (Kenya)

    Bank with the lowest charge overall

    1. I&M Bank Ltd
    2. ABC Bank Group

    Best bank in internet banking

    1. Equity Group
    2. Citibank Kenya
    3. Sidian Bank
    4. Guaranty Trust Bank (Kenya)

    Best bank in mobile banking

    1. Equity Group
    2. Citibank Kenya
    3. Sidian Bank

    Fastest growing microfinance bank

    1. Century Microfinance Bank

    Best microfinance bank in agriculture and livestock financing

    1. Sumac Microfinance Bank
    2. Faulu Kenya

    Best microfinance bank in product innovation

    1. Maisha MF Bank
    2. Rafiki Bank
    3. SMEP Microfinance Bank

    Best bank in digital banking

    1. Equity Group

    Best bank in sustainable CSR

    1. Equity Group
    2. Barclays Bank of Kenya
    3. Credit Bank PLC

    Best Commercial Bank in Microfinance

    1. Equity Group

    Best bank in corporate banking

    1. Citibank Kenya
    2. Barclays Bank of Kenya
    3. Equity Group

    Best in retail banking

    1. Diamond Trust Bank Group
    2. Equity Group

    Best bank in trade financing

    1. Stanbic Bank Kenya
    2. Equity Group
    3. Citi Bank of Kenya

    Best bank in agriculture and livestock financing

    1. Equity Group
    2. Transnational Bank

    Best bank in asset finance

    1. Barclays Bank of Kenya
    2. Diamond Trust Bank Group

    Best bank in Islamic banking

    1. Gulf African Bank

    Best bank in mortgage finance

    1. Stanbic Bank Kenya
    2. Equity Group
    3. Barclays Bank of Kenya

    Best bank in SME banking

    1. Equity Group
    2. Diamond Trust Bank Group
    3. Credit Bank PLC

    Best bank in product marketing

    1. Equity Group
    2. Barclays Bank of Kenya
    3. Faulu Kenya

    Best bank in product innovation

    1. Diamond Trust Bank Group

    Best bank in agency banking

    1. Equity Group
    2. Diamond Trust Bank Group

    Overall best microfinance bank

    1. Faulu Kenya

    Lifetime achievement award in banking

    1. Rose Kimani, FauluKenya

    Outstanding young banker of the year

    1. Alex Muriu, Barclays Bank digital marketing manager

    Corporate banker of the year

    1. Dr. James Agin, Barclays Bank of Kenya corporate banking director Chief Executive Officer of the year

    Best bank in tier four

    1. Transnational Bank

    Best bank in tier three

    1. Credit Bank PLC

    Best bank in tier two

    1. Bank of Baroda

    Best bank in tier one

    1. Equity Group

    In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

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