Wealthy savers moved their cash from small banks in the three years that followed three mid-sized lenders being placed under receivership after failing to meet their obligations.
Central Bank of Kenya (CBK) data shows that small banks controlled 21.15 percent of the number of Kenyans with more than Sh100, 000 as savings last year, up from 34.73 percent in 2016 when three lenders were placed under receivership.
