Equity, KCB ranked Africa’s most profitable lenders
22 July 2014, 19:32
Abuja - The Financial Times has listed Equity Bank and KCB among world’s Top 1 000 banks due.
Equity bank tops in the list of most profitable lenders in Africa for the second time, with a rate of return of 6.84 percent, Business Daily reports.
Capitec Bank (South Africa) comes second followed by KCB, Business Daily reports, while Cooperative bank has been kicked out of the list.
In terms of assets, KCB was ranked 846th and Equity 990th largest banks globally.
For more details visit Business Daily.