Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
We expect gradual economic improvement in 2022
Cytonn Report: Q2'2022 GDP Contribution by sector
8.0%
Construction
5.6%
Public administration
Wholesale and retail trade
6.1%
7.9%
Taxes on Products
8.1%
Manufacturing
8.2%
Financial & Insurance
8.8%
Transport and Storage
9.6%
Real estate
Agriculture and Forestry
10.0%
19.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
*Source: KNBS
Cytonn Report: GDP Growth Rates
7.5%
6.8%
7.0%
5.6%
6.0%
5.2%
5.0%
5.0%
3.8%
5.0%
4.6%
5.0%
3.8%
-4.2%
4.0%
4.7%
3.0%
2.0%
1.0%
0.0%
(1.0%)
(0.3%)
2012 2013 2014 2015 2016 2017
2018
2019 2020
2021 Q1'2022 Q2'2022
GDP at Constant Prices
Ten-Year Average
•
The Kenyan Economy recorded a 5.2% expansion in Q2'2022, lower than the 6.8% and 11.0% growth recorded in Q1'2022 and
Q2'2021, respectively pointing towards sustained economic recovery. The performance was largely supported by significant growth
recorded in sectors like Mining and Quarrying (22.6%), Accommodation and Food Services activities (22.0%), Financial and
Insurance (11.6%) and transportation and storage (7.1%), among others,
The biggest gainer in terms of sectoral contribution to GDP was Financial and Insurance sector, increasing by 0.5% points to 8.8%
from 8.3% in Q2'2021, while Agriculture and Forestry was the biggest loser, declining by 1.5% points to 19.4% in Q2'2022, from
20.9% in Q2'2021
Cytonn
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