Bank net interest margin (%) in Kenya
Kenya: Bank net interest margin (%) was 6.1% in 2021. ▼ Falling
Bank net interest margin in Kenya, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank net interest margin in Kenya stood at 6.1%. That is the lowest value across all 22 years on record.
The figure is down 0.5% on the previous year and down 25.0% over ten years.
Over the whole period, bank net interest margin in Kenya peaked at 10.5% in 2005 and was at its lowest, 6.1%, in 2021.
Kenya ranks 23rd of 166 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Bank net interest margin (%) in Kenya, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.5% | — |
| 2001 | 10.0% | +53.7% |
| 2002 | 8.2% | -18.2% |
| 2003 | 7.9% | -2.6% |
| 2004 | 7.5% | -5.3% |
| 2005 | 10.5% | +39.5% |
| 2006 | 8.4% | -20.3% |
| 2007 | 6.7% | -19.3% |
| 2008 | 7.4% | +9.5% |
| 2009 | 7.4% | +0.4% |
| 2010 | 8.2% | +10.0% |
| 2011 | 8.2% | +0.3% |
| 2012 | 8.1% | -1.4% |
| 2013 | 9.6% | +18.6% |
| 2014 | 8.5% | -11.4% |
| 2015 | 8.4% | -0.8% |
| 2016 | 8.8% | +4.1% |
| 2017 | 7.6% | -12.8% |
| 2018 | 6.8% | -10.9% |
| 2019 | 6.4% | -5.6% |
| 2020 | 6.2% | -3.8% |
| 2021 | 6.1% | -0.5% |
Kenya compared with similar countries
- Kenya's 6.1% is above the median for lower middle income countries, which is 3.8%, 1.6× the median. (38 countries reporting)
- Kenya's 6.1% is above the median for Sub-Saharan Africa, which is 4.4%, 1.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 6.5% | 10.5% | 10 |
| 2010s | 8.0% | 6.4% | 9.6% | 10 |
| 2020s | 6.2% | 6.1% | 6.2% | 2 |
Countries ranked near Kenya
- 20 Nicaragua 6.6% compare
- 21 Kyrgyzstan 6.5% compare
- 22 Honduras 6.2% compare
- 24 Azerbaijan 6.1% compare
- 25 Ecuador 6.0% compare
- 26 El Salvador 6.0% compare
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 net interest margin in Kenya?
- Bank net interest margin in Kenya was 6.1% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank net interest margin recorded in Kenya?
- The highest recorded value was 10.5% in 2005.
- What is the lowest bank net interest margin recorded in Kenya?
- The lowest recorded value was 6.1% in 2021.
- How does Kenya rank for bank net interest margin?
- Kenya ranks 23rd out of 166 countries with data for 2021.
- Is bank net interest margin rising or falling in Kenya?
- Over the last ten years it is down 25.0%. 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 net interest margin (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2080[t] / ((data2010[t] + data2010[t-1])/2). Numerator and denominator are aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.