Wednesday, February 21, 2024

Cytonn: KCB best bank, NBK worst bank so far – See full ranking list

KCB Group emerged top while National Bank of Kenya (NBK) scored the lowest overall points in the first quarter of 2016. This is according to a quarter one of 2016 banking report produced by Cytonn Investments.

According to the report, KCB’s top performance was supported by a strong franchise and intrinsic value score. Equity Group emerged second, followed by Co-operative Bank of Kenya, with Barclays Bank of Kenya emerging fourth, and I&M Bank ranked fifth.

“The report analyzed all listed banks in the Kenyan market, covering the health and future performance of financial institutions, by highlighting their performance using metrics that measure profitability, efficiency, growth, asset quality, liquidity, revenue diversification, capitalization and intrinsic valuation,’’ said Elizabeth Nkukuu, Cytonn’s Chief Investment Officer.

She further noted that the overall ranking was based on a weighted average ranking of franchise value which accounted for 40 per cnt and intrinsic value which accounted for 60 per cent.

Here is the full ranking list and analysis:

Banks Franchise Value Score Total Return Score Weighted Q1’2016 Score Q1’2016 Ranking FY’2015 Ranking
KCB Group 66.0 1.0 27.0 1 1
Equity Group 59.0 6.0 27.2 2 2
Co-operative bank 62.0 9.0 30.2 3 5
Barclays 71.0 3.0 30.2 4 7
I&M 69.0 5.0 30.6 5 4
DTBK 77.0 2.0 32.0 6 3
Standard Chartered 74.0 7.0 33.8 7 9
NIC 76.0 8.0 35.2 8 8
CfC Stanbic 74.0 10.0 35.6 9 6
HF Group 107.0 4.0 45.2 10 10
National Bank 122.0 11.0 55.4 11 11

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