HERE IS A FULL LIST OF THE SAFEST BANKS IN KENYA AT THE MOMENT... DO NOT LOOSE YOUR MONEY IN UNSAFE BANKS

In just a few months, 3 banks have been put under statutory management following questionable financials. It started with Dubai Bank, then Imperial Bank and the most recent being Chase Bank. Chase bank is the latest bank to be placed under receivership due to what CBK termed as unsafe financial conditions.

It so happens that CBK has classified banks into tiers. Tier 1 is made up of the big old banks. These will almost certainly never go under in a similar way as Chase or Imperial.

The banks in Tier 1 have millions of clients and hundreds of billions in assets. In Kenya, 6 banks make up the top tier, and collectively control 49.9% of the market.

16 other banks make up Tier 2, and collectively control 41.7% of the market. The last tier, Tier 3 is made up of 21 small banks that control 8.4% of the market.
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