The National Bank of Kenya has been ranked the last and worst performing bank in 2015.
This was released in a report done by the Cytonn Investments’ Banking Sector Report for the year 2015 as reported by the Standard newspaper. The bank is also reported to have lost sh1.2 billion and cannot be accounted for.
Reports indicate that the mid – tier bank performed poorly and was named as the poorly governed among other banks. The Kenya Cooperative Bank (KCB) came in the first position followed by the Equity Bank.
Both banks have been rivals in the banking sector and are always busy looking for customers. The third position was however grabbed by the diamond trust bank.
Residents of Kibera, however, revealed that they love banking with the Equity bank since it has its outlets everywhere.
‘‘Unlike other banks, the Equity Bank has its branches almost everywhere. At least, you are sure that no matter where you are, there is room for you to access money in your bank account anytime you need it,’’ said Fred Owino.