Bank concentration in Kenya
Kenya: Bank concentration was 44.8% in 2021. ▼ Falling
Bank concentration in Kenya, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Kenya recorded 44.8% for bank concentration in 2021.
Compared with earlier readings it is up 5.0% on the previous year and up 11.4% over ten years.
Over the whole period, bank concentration in Kenya peaked at 65.0% in 2001 and was at its lowest, 33.5%, in 2014.
Kenya ranks 151st of 170 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Bank concentration in Kenya, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 64.2% | — |
| 2001 | 65.0% | +1.2% |
| 2002 | 62.6% | -3.6% |
| 2003 | 61.6% | -1.7% |
| 2004 | 56.8% | -7.8% |
| 2005 | 51.3% | -9.6% |
| 2006 | 49.2% | -4.0% |
| 2007 | 47.3% | -3.9% |
| 2008 | 48.0% | +1.5% |
| 2009 | 44.1% | -8.2% |
| 2010 | 42.5% | -3.5% |
| 2011 | 40.2% | -5.5% |
| 2012 | 37.8% | -6.0% |
| 2013 | 35.6% | -5.8% |
| 2014 | 33.5% | -5.9% |
| 2015 | 38.4% | +14.6% |
| 2016 | 37.9% | -1.3% |
| 2017 | 37.5% | -1.1% |
| 2018 | 38.0% | +1.4% |
| 2019 | 41.1% | +8.2% |
| 2020 | 42.7% | +3.8% |
| 2021 | 44.8% | +5.0% |
Kenya compared with similar countries
- Kenya's 44.8% is below the median for lower middle income countries, which is 68.4%, 66% of the median. (38 countries reporting)
- Kenya's 44.8% is below the median for Sub-Saharan Africa, which is 77.1%, 58% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 55.0% | 44.1% | 65.0% | 10 |
| 2010s | 38.2% | 33.5% | 42.5% | 10 |
| 2020s | 43.7% | 42.7% | 44.8% | 2 |
Countries ranked near Kenya
More financial sector data for Kenya
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.3189 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.2328 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.3189 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank concentration in Kenya?
- Bank concentration in Kenya was 44.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Kenya?
- The highest recorded value was 65.0% in 2001.
- What is the lowest bank concentration recorded in Kenya?
- The lowest recorded value was 33.5% in 2014.
- How does Kenya rank for bank concentration?
- Kenya ranks 151st out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Kenya?
- Over the last ten years it is up 11.4%. The long-run trend across the full record is falling.
- Where does this Kenya data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.