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Equity has once again been named among global giants in banking. The Kenyan lender has been ranked position 39 globally on return on assets, position 71 on return on capital, and position 149 on soundness (Capital Assets to Assets ratio), in the Top 1,000 World Banks 2021 by The Banker magazine.
-23.94 At the end 2020, the period under review, the Top 1000âs combined pre-tax profits contracted by 18.8% year-on-year, with both the UK and Germany seeing larger profit falls than the US. The good news is that, overall, the banking industry has done relatively well. Collectively, the Top 1000 banks have built up the highest ever level of Tier 1 capital, reaching $9.9tn. In addition, total assets increased by 16%, to $148.6tn, while the deposit base expanded by 17%, to $93.9tn. China continues to be the growth engine of the worldâs banking industry, increasing both aggregate Ti...