Cytonn Banking report pegs KCB as most attractive bank in Kenya
The Kenya Commercial Bank Group is the most attractive bank in Kenya according to a banking sector report from Cytonn Investments.
In the same breath, the report ranked National Bank of Kenya the least desirable bank for customers using a measure that graded what it termed both franchise value and intrinsic value. The report, titled ‘Consolidation & Resilience in a challenging operating environment’ analysed the results of the listed banks in the past year so as to determine which banks are the most attractive and stable for investment. Equity Group dropped by 2 spots to position 3 from position 1 in quarter 3 of 2016, while Standard Chartered Bank rose 3 positions to position 5.
The report findings show that despite the operating environment being tough in 2016, the banking sector remained resilient.
