Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
KCB Group PLC
Commercial International Bank
Access Bank PLC (Nigeria)
KCB Group
I&M Holdings PLC
KCB Group**
Co-operative Bank
Access Bank PLC (Nigeria)
Equity Group
**
Spire Bank
Trust Merchant Bank (TMB)
Sidian Bank
Banque Populaire du Rwanda
Orient Bank Limited Uganda
ABC Tanzania
Recent Developments in the Kenyan Banking Sector....
Consolidation continues in the banking sector, with the most recent being that of Equity's acquisition of Spire Bank
Acquirer
Equity Group
Bank Acquired
Undisclosed
Book Value at Acquisition (Kshs bn)
Transaction Stake
Transaction Value
(Kshs bn)
P/Bv Multiple
Date
Unknown
Undisclosed
N/A
Sept-22*
12.4
85.0%
15.7
1.5x
August-22
4.9
83.4%
4.3
1.1x
June-22*
5.3
100.0%
5.6
1.1x
August 2021
3.3
90.0%
3.6
1.1x
April-21
Unknown
100%
0.8
0.4x
Nov-20*
Jamii Bora Bank
3.4
90.0%
1
0.3x
Aug-20
Mayfair Bank Limited
1
51.0%
Undisclosed
N/D
May-20*
Transnational Bank PLC.
1.9
100.0%
1.4
0.7x
Feb-20*
Banque Commerciale Du Congo
8.9
66.5%
10.3
1.2x
Nov-19*
KCB Group
National Bank of Kenya
7
100.0%
6.6
0.9x
Sep-19
CBA Group
Oiko Credit
CBA Group**
AfricInvest Azure
KCB Group
SBM Bank Kenya
DTBK
SBM Holdings
M Bank
I&M Holdings
Mwalimu SACCO
Centum
GT Bank
Average
nouncement Date
Cytonnped
Credit Bank
Jamii Bora Bank
Prime Bank
Imperial Bank
Chase Bank Ltd
Habib Bank Kenya
NIC Group
33.5
53%:47%
23
0.7x
Sep-19
3
22.8%
1
1.5x
Aug-19
3.4
100.0%
1.4
0.4x
Jan-19
21.2
24.2%
5.1
1.0x
Jan-18
Unknown
Undisclosed
Undisclosed
N/A
Dec-18
Unknown
75.0%
Undisclosed
N/A
Aug-18
2.4
100.0%
1.8
0.8x
Mar-17
Fidelity Commercial Bank
1.8
100.0%
2.8
1.6x
Nov-16
Oriental Commercial Bank
1.8
51.0%
1.3
1.4x
Jun-16
Giro Commercial Bank
3
100.0%
5
1.7x
Jun-16
Equatorial Commercial Bank
1.2
75.0%
2.6
2.3x
Mar-15
K-Rep Bank
2.1
66.0%
2.5
1.8x
Jul-14
Fina Bank Group
3.9
70.0%
8.6
3.2x
Nov-13
74.5%
1.3x
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