With all top 5 banks now having released their 2012 half year results, I did a 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 14,893,628 from 12.8 Million, a rise of 16.4%, with Equity Bank (Equity) having 7.8 Million accounts, giving it a market share of 52.4%, up from 49% the previous year

Profitability

Standard Chartered (SCBK) leapt past Co-operative Bank (Co-op) and Barclays (BBK) in the pre-tax profitability rankings. SCBK’s profits soared 87.5% to Kshs. 6.5 Billion from Kshs. 3.47 Billion.

Kenya Commercial Bank (KCB) snatched top position from Equity with an impressive 48% growth in pre-tax earnings to Kshs. 8.5 Billion.

Co-op was the least profitable among the top 5 banks with 5 Billion after profits rose 20.8% to Kshs. 5 Billion

Pre-tax profitability for the total banking industry for the half year period to 30th June rose 30.4% to Kshs. 53.2 Billion

The Top 5 Listed Banks (Henceforth referred to as ‘The Top 5’) though grew at a much faster pace than the industry as a whole. Profitability grew 38% from Kshs. 24.6 Billion to Kshs. 33.95 Billion.

This figure represents 63.8% of all banking sector profits. This is a rise from 60.28% in June 2011 and 56.6% as at June 2010. Such is the dominance of The Top 5 that one is left wondering whether they will account for two thirds of total banking sector profits but this time next year

For the rest of the report, click on the link below

LINK: NSE BANKING SECTOR REPORT: THE TOP 5

fantastic review!!
You are on top of your game