May 2026
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Largest Commercial Banking Public Companies in Kenya
Benchmark revenue and EBITDA valuation multiples for public comps like
Equity Group Holdings, KCB Group PLC, Co-operative Bank of Kenya Ltd, ABSA Bank Kenya and NCBA Group.
 | Equity Group Holdings Ltd offers banking and financial services in Kenya. The company offers retail banking, microfinance, and related services. It operates in six geographical markets, Kenya, Uganda, South Sudan, Rwanda, Tanzania, and the Democratic Republic of Congo. The consumer business line focuses on salaried customers or customers receiving other regular remittances, such as pensions. The revenue is derived from Kenya. The firm offers Equity loans, Farm inputs, Mortgage loans, Asset finance loans, Trade finance, Development loans, and Business loans. | $1 | +54% | $2B | $3B | 1.8x | - | ||
| KCB Group Ltd provides banking services. The company's operating segment includes Retail Banking; Corporate Banking; Mortgages; Treasury and Others. It generates maximum revenue from the Corporate banking segment. The Retail banking segment incorporates banking services such as current accounts, fixed deposits, overdrafts, loans, and other credit facilities both in local and foreign currencies for corporate customers. Geographically, it derives a majority of its revenue from Kenya, and also has its presence in Tanzania, South Sudan, Uganda, Rwanda, Burundi, and DRC. | $1 | +46% | $2B | $2B | 1.5x | - | ||
| Co-operative Bank of Kenya Ltd is engaged in corporate banking, retail banking, investment, and asset management services in Kenya. The Bank is organized into three main operating segments based on products and services as, Retail Banking which includes loans deposits and other transactions and balances with retail customers, and Wholesale Banking which include loans deposits and other transactions and balances with corporate and institutional customers, and Group Functions which mainly comprises of support departments such as ICT, Finance and shared services among others. It generates the majority of its revenue from Retail Banking. The group's operations are within the two geographical segments of Kenya and South Sudan. | $0 | +79% | $1B | $2B | 2.7x | - | ||
| ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions and government clients. | $0 | -- | $1B | $1B | 2.9x | - | ||
| NCBA Group PLC provides retail, corporate and digital banking, brokerage, bancassurance and investment banking services. It has six segments namely - Corporate and Institutional banking, Retail banking (SME and Consumer banking), Treasury dealing, Insurance, Digital Bank and Investment banking. Majority of the revenue comes from Kenya following Uganda, Tanzania and Rwanda. | $1 | -- | $1B | $1B | 2.1x | - | ||
| Standard Chartered Bank Kenya Ltd offers a variety of local and foreign currency banking solutions to meet its clients, transactional, borrowing and investment needs. It has a diversified portfolio cutting across select sectors that include business services, manufacturing, wholesale and retail trade, transport and communication, real estate, agriculture, energy and water. The company's segments are mainly Corporate and Investment Banking; Wealth and Retail Banking; Central and Other items. | $3 | -- | $985M | $985M | 3.0x | - | ||
| Stanbic Holdings PLC is a financial services company. It is organized into two business units, Corporate and Investment Banking, Personal and Business Banking. Corporate and Investment Banking provides commercial and investment financial services to larger corporate, financial institutions, and international counter parties. The company's products include transactional products and services and investment banking. The Personal and Business Banking provides banking services to individual customers and small to medium-sized enterprises. The products offered include mortgage lending, instalment sales, and finance leases, card products, transactional and lending products, amongst others. | $2 | -- | $829M | $936M | 3.0x | - | ||
| I&M Group PLC is a non-operating holding company, along with its subsidiaries providing banking, financial, and related services. The group operations are divided into five geographical segments, Kenya, Tanzania, Rwanda, Mauritius, and Uganda. It offers a range of personal banking products, such as bank accounts, cards, mobile banking, Internet banking, investment management services, loans, foreign exchange, and funds transfer. Business banking products include business accounts, loans, e-commerce, salary processing, trade services, interest rates, foreign exchange, insurance premium financing, funds transfer, asset finance, and cash management services. | $0 | -- | $691M | $796M | 1.7x | - | ||
| Diamond Trust Bank Ltd is a regional bank that provides banking, insurance agency, and other related services to the general public. It offers various banking services, including corporate, retail, and commercial. The company focuses on the small and medium-sized enterprises sector. It has four business segments: Diamond Trust Bank Tanzania Limited, Diamond Trust Bank Uganda Limited, Diamond Trust Bank Burundi S.A, and Kenya. The Trust's majority of revenue is generated from its home country, Kenya. | $1 | +85% | $311M | $347M | 1.0x | - | ||
| Median | $1 | +66% | $1B | $1B | 2.1x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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