Kenya’s banking sector is likely to see a continuation of the recent trend of takeovers by large lenders of their small-tier peers on account of the widening gulf in profitability and asset base, global ratings agency Moody’s has said.
The agency, in a report on the Kenyan banking sector released on Tuesday, said that larger lenders have been able to leverage their vastly bigger reach in the market—both physical and digital— to grow deposits.
