Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
20.0%
40.0%
60.0%
100.0%
80.0%
20.5%
0.0%
Bank
Cytonn
29.2%
34.4%
40.8%
44.1%
•
.
Kenyan Banking Sector Overview
Financial Inclusion in Kenya continues to rise, having expanded to 83.7% in 2021, from 82.9% in 2019
In Kenya there are a total of 38 commercial banks, 1 mortgage finance company, 1 mortgage refinance company, 14 microfinance banks, 9
representative offices of foreign banks, 68 foreign exchange bureaus, 18 money remittance providers and 3 credit reference bureaus
Financial inclusion in Kenya has continued to rise, with 83.7% of the adult population able to access formal financial services. This has
largely been driven by digitization, with Mobile Financial Services (MFS), transfer and lending, rising to be the preferred method to access
financial services. According to the 2021 FinAccess Household Report, the banking services including mobile banking stood at 44.1% as of
2021 from 40.8% in 2019 attributable to the increased usage of mobile banking accounts; whose proportion rose to 34.4% in 2021 from
25.3% in 2019
11.0%
12.9%
9.0%
11.3%
9.6%
Saccos
3.4%
3.5%
3.6%
MFIS
1.7%
1.7%
3.3%
17.8%
23.2%
27.9%
23.7%
Insurance(Inc. NHIF)
2009
Pension
2013 2016 2019 2021
15
3.7%
1.9%
Financial Access
12.5%
12.2%
10.6%
27.9%
61.6%
71.4%
79.4%
81.4%
Mobile Money
36.0%
27.7%
41.1%
30.1%
28.7%
Informal Group
Digital Loans
Source: Central Bank of Kenya, FinAccess report
8.3%
2.1%View entire presentation