What Is a Bank?

A bank is a financial institution licensed to deal with transactions of money. It accepts deposits from the public and offers withdrawals and lending services to its customers. 

Basic Bank Services

Banks offer various financial services as listed below:

  1. Accepting Deposits
  2. Loan Services
  3. Custodian Service
  4. Checking Accounts
  5. Savings Accounts

Types of Banks

  1. Commercial Banks
  2. Retail Banks
  3. Central Banks

List of Banks in Kenya

Below is the list of banks in Kenya:

  1. Central Bank of Kenya (Government regulating bank).
  2. Kenya Commercial Bank(KCB) Bank
  3. Equity Bank
  4. Co-operative Bank of Kenya
  5. Standard Chartered
  6. ABSA
  7. UBA Kenya Bank Ltd
  8. Suntra Investment Bank Ltd
  9. Sterling Investment Bank
  10. Prime Bank
  11. Paramount Bank
  12. Oriental Commercial Bank Ltd.
  13. NCBA Bank
  14. National Bank
  15. Gulf Africa Bank (K) Ltd
  16. Habib Bank Ltd
  17. K-Rep Bank
  18. Kenya Post Office Savings Bank
  19. Investments & Mortgages Bank Limited – I&M Bank
  20. Imperial Bank Limited
  21. Housing Finance
  22. Bank of India
  23. Guardian Bank Ltd.
  24. Giro Commercial Bank Ltd
  25. Fina Bank
  26. Fidelity Bank
  27. First Community Bank
  28. Faida Investment Bank – FIB
  29. Equatorial Investment Bank
  30. Equatorial Commercial Bank Limited
  31. Dubai Bank Kenya Ltd
  32. Development Bank Of Kenya Ltd
  33. Consolidated Bank
  34. Citibank Kenya
  35. Chase Bank
  36. CFC Stanbic Bank Limited
  37. Jamii Bora Bank Ltd.
  38. Bank Of Baroda (Kenya) Ltd.
  39. Bank of Africa Kenya Ltd
  40. Afrika Investment Bank
  41. African Development Bank Group
  42. African Banking Corporation

Disclaimer

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For professional financial advice, please consult a licensed financial advisor. 🚀