Safest Bank in Kenya – Stanbic Bank

Stanbic Bank have outshined its competitors as it was recently announced as the safest bank in Kenya.

Global Finance, an International Financial Publication have ranked Stanbic bank as the safest bank in Kenya.

Every year, Global Finance uses  ratings from global ratings agencies like Moody’s, Standard & Poor’s and Fitch to rank the world’s safest banks. These global ratings agencies on the other hand, usually rate the banks based on evaluations of long-term foreign-currency.

The Annual list also includes ratings for World safest banks by country, World’s 50 Safest Commercial Banks, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the Gulf Cooperation Council (GCC), and Safest Banks by Region (Africa, Asia, Australasia, Central & Eastern Europe, Western Europe, Middle East, Latin America and North America).

In the just released 26th Annual World Safest Bank awards,  it was Germany’s DZ Bank that topped the list out of  50 lenders to be ranked as the World’s Safest Commercial Bank.

This year, in Kenya only Stanbic Bank was recognized out of the 40 banks who have their operations in the country.