A tale of three top banks coping with a tight credit market

CONTRASTING FORTUNES: Co-op and KCB are lending more as Equity goes for government securities. Which will prevail ? PHOTOS FILE | NMG

Kenya’s top three banks are engaged in a fierce competition for numbers, but the winner may eventually be determined by the niche they serve.

According to Moody’s Investor Service, a research division of global rating agency Moody’s, the three banks — KCB, Equity and Co-op Bank — are stable enough to withstand external shocks, but their operations in a hostile environment will determine who will be the most profitable .