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The Banking Industry in Kenya 2019

  • ID: 4968414
  • Report
  • November 2019
  • Region: Kenya
  • 179 pages
  • Who Owns Whom

FEATURED COMPANIES

  • Absa Bank Kenya PLC
  • Central Bank of Kenya
  • Equity Bank (Kenya) Ltd
  • HFC Ltd
  • KEY Microfinance Bank PLC
  • RentWorks East Africa Ltd
The Banking Sector in Kenya: Kenya’s financial sector is well developed although the country is considered overbanked with 40 registered banks. The market is highly concentrated with the 12 listed commercial banks owning 89% of the total assets in 2018. Commentators view the industry as well capitalised and performance is steadily picking up momentum since the market shock of 2016 when the government introduced capped interest rates that discouraged savings, reduced private sector and SME access to credit and impeded banking sector competition, particularly by reducing smaller banks’ profitability. Innovations such as agent banking, which allows commercial banks and microfinance banks to engage the services of third party outlets to deliver specified financial services on their behalf, have improved financial inclusion in rural and urban areas. ;

Mobile Money: Mobile financial services are the preferred method to access financial services and are used by almost 80% of the adult population. There are more than 20 digital credit services in Kenya, and new services continue to come on stream. Mobile money services include M-Pesa, M-Shwari, Airtel Money, Orange/Telkom Money, Equitel Money, Mobikash and Tangaza, with M-Pesa having the bulk of the market share in terms of active subscribers, number of transactions, and value of transactions. Total mobile money transactions in Kenya reached US$38.5bn in 2018, and the total number of mobile money accounts in Kenya reached 45.43 million.;

Report Coverage: The report on the Kenyan banking industry covers deposit-taking institutions which include other credit granting, lease financing, and loyalty and reward programmes, as well as central banking. The report includes information on the size and state of the industry, its major players and specific areas of interest such as mobile and Islamic banking. There are profiles of 37 companies including major players such as Equity Bank and the Co-operative Bank of Kenya and Barclays, which is set to complete its rebranding to Absa by 2020. Profiles also include those of Key Microfinance Bank, which changed its name from Remu Microfinance Bank, and international banks Citibank and Bank of India.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Absa Bank Kenya PLC
  • Central Bank of Kenya
  • Equity Bank (Kenya) Ltd
  • HFC Ltd
  • KEY Microfinance Bank PLC
  • RentWorks East Africa Ltd
1. Introduction

2. Country Information
2.1. Geographic Position

3. Description of the Industry
3.1. Industry Value Chain

4. Size of the Industry

5. State of the Industry
5.1. Local
5.1.1. Corporate Actions
5.1.2. Regulations
5.1.3. Enterprise Development and Social Economic Development
5.2. Continental
5.3. International

6. Influencing Factors
6.1. Economic Environment
6.2. Financial Inclusion
6.3. Operating Costs
6.4. Information Technology (IT), Research and Development (R&D) and Innovation
6.5. Labour
6.6. Cybercrime and Fraud

7. Competition
7.1. Barriers to Entry

8. SWOT Analysis

9. Outlook

10. Industry Associations

11. References
11.1. Publications
11.2. Websites

Appendix
  • Summary of Notable Players
  • Company Profiles
  • African Banking Corporation Ltd
  • Bank of Africa Kenya Ltd
  • Bank of Baroda (Kenya) Ltd
  • Bank of India
  • Barclays Bank of Kenya Ltd
  • Caritas Microfinance Bank Ltd
  • Central Bank of Kenya
  • Citibank N.A.
  • Co-Operative Bank of Kenya Ltd (The)
  • Commercial Bank of Africa Ltd
  • Diamond Trust Bank Kenya Ltd
  • Ecobank Kenya Ltd
  • Equity Bank (Kenya) Ltd
  • Family Bank Ltd
  • Faulu Microfinance Bank Ltd
  • Guaranty Trust Bank Kenya Ltd
  • Gulf African Bank Ltd
  • Hfc Ltd
  • I&M Bank Ltd
  • Kcb Group plc
  • Kenya Women Microfinance Bank plc
  • Key Microfinance Bank plc
  • National Bank of Kenya Ltd
  • Nic Group plc
  • Prime Bank Ltd
  • Rentworks East Africa Ltd
  • Sbm Bank (Kenya) Ltd
  • Sidian Bank Ltd
  • Simba Corporation Ltd
  • Smep Microfinance Bank Ltd
  • Stanbic Bank Kenya Ltd
  • Standard Chartered Bank Kenya Ltd
  • Sumac Microfinance Bank Ltd
  • Uba Kenya Bank Ltd
  • Uwezo Microfinance Bank Ltd
  • Vehicle and Equipment Leasing Ltd
  • Victoria Commercial Bank Ltd
Note: Product cover images may vary from those shown
  • Absa Bank Kenya PLC
  • African Banking Corporation Ltd
  • Bank of Africa Kenya Ltd
  • Bank of Baroda (Kenya) Ltd
  • Bank of India
  • Caritas Microfinance Bank Ltd
  • Central Bank of Kenya
  • Citibank N.A.
  • Co-operative Bank of Kenya Ltd (The)
  • Commercial Bank of Africa Ltd
  • Diamond Trust Bank Kenya Ltd
  • Ecobank Kenya Ltd
  • Equity Bank (Kenya) Ltd
  • Family Bank Ltd
  • Faulu Microfinance Bank Ltd
  • Guaranty Trust Bank Kenya Ltd
  • Gulf African Bank Ltd
  • HFC Ltd
  • I&M Bank Ltd
  • KCB Group PLC
  • Kenya Women Microfinance Bank PLC
  • KEY Microfinance Bank PLC
  • National Bank of Kenya Ltd
  • NCBA Group PLC
  • Prime Bank Ltd
  • RentWorks East Africa Ltd
  • SBM Bank (Kenya) Ltd
  • Sidian Bank Ltd
  • Simba Corporation Ltd
  • SMEP Microfinance Bank Ltd
  • Stanbic Bank Kenya Ltd
  • Standard Chartered Bank Kenya Ltd
  • Sumac Microfinance Bank Ltd
  • UBA Kenya Bank Ltd
  • Uwezo Microfinance Bank Ltd
  • Vehicle and Equipment Leasing Ltd
  • Victoria Commercial Bank Ltd
Note: Product cover images may vary from those shown

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