Banking

Kenya’s banking sector benefits from healthy fundamentals, which in turn has ensured steady growth in lending and assets, and strong performances for listed creditors. However, 2016 provided the sector with its fair share of challenges to navigate. Nevertheless, the outlook for the country’s lenders is positive. A key driver of growth among Kenyan banks remains their ability to tailor products that meet Kenyans’ needs, which has helped the country attain one of the highest financial inclusion rates in the developing world, at 75%. Sector challenges may have slowed growth temporarily, but the underlying fundamentals for Kenyan banks look strong and stable for the medium term. The country’s banks are fast-growing, responsive, innovative and increasingly well-regulated.

This chapter contains interview with Patrick Njoroge, Governor, Central Bank of Kenya; Lamin Manjang, Managing Director and CEO, Standard Chartered Bank Kenya; Joyce-Ann Wainaina, CEO, Citibank; and Jeremy Awori, Managing Director, Barclays Bank Kenya.