Kenyan banks and their deposit accounts.

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In 2023, the number of deposit accounts in Kenya surged to 94.65 million, reflecting significant growth from 55.2 million in 2018. Here are some key points:


1. Market Share:

   - KCB Bank Kenya Limited leads the market with the largest share at 39.9%.


   - Equity Bank (Kenya) Ltd follows closely with a share of 13.68%.


2. Account Trends:

   - Accounts holding more than half a million shillings declined by 39.89%.


   - Accounts with balances below KShs. 500 grew by an impressive 50.4%.


This growth can be attributed to increased mobilization efforts by banks and economic recovery after dealing with the pandemic. The banking sector continues to evolve, shaping Kenya's financial landscape.


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If you'd like more details or have any other questions, feel f

ree to ask! 😊



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