With all top 5 banks now having released their 2011 half year results, I did a comprehensive review of their performance across different banking and business indicators.

I also analysed their performance against the entire banking industry’s Half Year performance

The total banking sector deposit accounts was 12.8 Million from 10.1 Million

Co-op registered a growth of 57% and now has 2.2 Million accounts

Equity with 6.3 Million accounts, a 28% growth, accounts for 49% of all accounts

Profitability
From the 1st Quarter 2011, The Co-operative Bank of Kenya managed to move above Standard Chartered Bank of Kenya into position 4 in Profit Before Tax. Co-op’s Kshs. 4.1 Billion, a 42% rise from the 2010 half year, was significantly more than SCBK’s Kshs. 3.5 Billion, a slump of 14%

The Top 3 positions remained unchanged from the 1st Quarter results. Equity Bank, Kenya Commercial Bank and Barclays Bank of Kenya occupied the Top 3 positions with Profit Before Tax figures of Kshs. 5.84 Billion, Kshs. 5.74 Billion and Kshs. 5.35 Billion respectively.

Pre-tax profitability for the total banking industry for the half year period to 30th June rose 16.9% to Kshs. 40.8 Billion

The Top 5 Listed Banks though grew at a much faster pace than the industry as a whole.

Profitability grew 24.2% from Kshs. 19.8 Billion to Kshs. 24.5 Billion.

This figure represents 60% of all banking sector profits, up from 56.6% in the 2010 half year. Such is the dominance of The Top 5

For much more check out my blog

LINK: COMPREHENSIVE REVIEW OF TOP 5 LISTED BANKS

Cheers @keninvest. Yet another "as is and not what it ought to be" analysis. Gracias.

@ Kenyainvestor..thank you for the info. I'm holding four banks from that list in my portfolio (BBK, Equity, KCB and COOP).

@Aguytrying, many thanks
@Kabird, I'm guessing you love banks

KCB Group subsidiaries posted a loss of 1.5B in H1 2010. So for them to recover/break-even and then go ahead to post that 300M H1 2011 profit...do the math.

I have 3 of the above.