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Kenya Banking & Financial Services Q2 2018

Kenya Banking & Financial Services Q2 2018

BMI View:

The Kenyan banking and financial sector saw greater stability following the outcome of disputed presidential elections inOctober 2017. The feared post-election violence did not occur, although President Kenyatta's opponent Raila Odinga continues topose a political risk, having sworn himself in as 'president of the people' in an unofficial ceremony in January 2018. Should thepolitical dispute not upset social stability, which would have adverse effects on the economy, we envisage 10.4% growth in nominalnet value added (NVA) for the finance sector to USD6.27bn, equating to 7.9% of total NVA. Nevertheless, factors such as interest ratecaps and reluctance to borrow are undermining asset growth in the banking sector with banks likely to turn increasingly toalternative forms of investment, notably government securities. Structurally, weak governance remains a problem in the bankingsector, although consolidation and improved regulation are reducing the likelihood of further bank closures.


BMI Industry View
SWOT
Banking
Banking Snapshot
Forecast Scenario
Forecast Tables
Competitive Landscape
Regulatory Environment
Insurance
Insurance Snapshot
Competitive Landscape
Regulatory Environment
Asset Management
BMI Industry View
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Greater Political Stability Will See Growth Accelerate
Macroeconomic Forecasts
Household Income Data
Demographic Forecast
Demographic Outlook
Methodology

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