Cytonn ranks KCB top lender

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Cytonn investments has ranked KCB the best lender in the banking sector.

According to its latest quarterly report KCB is the most attractive bank in Kenya in terms of prospective returns after evaluation on its profitability and market valuation.

In a report by Business daily KCB has the highest return on capital at 22.2percent making it the country’s biggest bank.

The asset manager ranked I & M bank the second followed by Co-op Bank, Equity Group, Stanbic Holdings, Barclays Bank of Kenya, DTD Group, Standard Chartered Bank Kenya and HF Group.

Cytonn which owns shares in some of the banks it covers in its research reports said that banks will make more profits from their mainstray lending business after the rate cap was removed.

It has also encouraged lenders to pursue strategies that will grow their non interest income, including fees and commissions charged on transactions.