Kenyan banking sector study – Phase I Legally Privileged and Confidential 7 October 2014 Legally Privileged and Confidential Document Reference: Final Date: 7 October 2014 Contact Information Genesis Economic Consulting (Pvt) Ltd Office 702 7th Floor International Trade Tower Nehru Place New Delhi – 110019 Tel: +91 11 4955 3300 www.genesis-analytics.com Authors Genesis Analytics Contact Person Geeta Singh
[email protected] ii Legally Privileged and Confidential Table of Contents EXECUTIVE SUMMARY ............................................................................... 1 1. INTRODUCTION ..................................................................................... 9 2. OVERVIEW OF THE KENYAN BANKING INDUSTRY ........................ 11 2.1. Growth in the industry ........................................................................... 12 2.2. Regulatory environment ........................................................................ 13 3. APPROACH FOLLOWED FOR THE MARKET INQUIRY .................... 16 4. MARKET SEGMENTS AND PRODUCTS ............................................. 18 4.1. Market segments .................................................................................. 18 4.2. Products ............................................................................................... 19 5. ANALYSIS OF MARKET STRUCTURE ............................................... 24 5.1. Market Concentration ........................................................................... 24 5.1.1. Concentration in