Kenya’s Tier III lenders posted the highest growth in customer deposits in 2018, signalling a rebound in customer confidence which was largely eroded by the collapse of three banks in 2015 and 2016.
An assessment by the Kenya Bankers Association, an industry umbrella body, shows the country’s third-tier banks grew their deposits by 33 percent in 2018, the highest pace since 2010. This was also significantly above the industry’s average of 10.7 percent.
