Billions frozen as banks switch off 33m accounts

Billions of shillings in idle bank balances risk transfer to the State as dormant accounts rise.

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Nearly a third of bank accounts have been closed for being inactive, freezing billions of shillings in the wake of data clean-up.

Banks shut down 33.8 million accounts in the year to June 2025, representing 30 percent of the 112.5 million deposit accounts the industry held before the crackdown.

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