Borrowers from commercial banks in Kenya
Kenya: Borrowers from commercial banks was 324.9 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Kenya, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Kenya is 324.9 per 1,000 adults, measured in 2024.
Compared with earlier readings it is down 12.9% on the previous year and up 98.0% over ten years.
Over the whole period, borrowers from commercial banks in Kenya peaked at 429.86 per 1,000 adults in 2022 and was at its lowest, 20.66 per 1,000 adults, in 2004.
Kenya ranks 36th of 112 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks in Kenya, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 20.66 per 1,000 adults | — |
| 2005 | 27.69 per 1,000 adults | +34.0% |
| 2006 | 41.15 per 1,000 adults | +48.6% |
| 2007 | 56.81 per 1,000 adults | +38.1% |
| 2008 | 62.6 per 1,000 adults | +10.2% |
| 2009 | 73.26 per 1,000 adults | +17.0% |
| 2010 | 76.49 per 1,000 adults | +4.4% |
| 2011 | 82.29 per 1,000 adults | +7.6% |
| 2012 | 82.26 per 1,000 adults | -0.0% |
| 2013 | 119.04 per 1,000 adults | +44.7% |
| 2014 | 164.09 per 1,000 adults | +37.8% |
| 2015 | 226.33 per 1,000 adults | +37.9% |
| 2016 | 277.51 per 1,000 adults | +22.6% |
| 2017 | 245.08 per 1,000 adults | -11.7% |
| 2018 | 240.19 per 1,000 adults | -2.0% |
| 2019 | 271.12 per 1,000 adults | +12.9% |
| 2020 | 360.2 per 1,000 adults | +32.9% |
| 2021 | 398.92 per 1,000 adults | +10.7% |
| 2022 | 429.86 per 1,000 adults | +7.8% |
| 2023 | 373.19 per 1,000 adults | -13.2% |
| 2024 | 324.9 per 1,000 adults | -12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.03 per 1,000 adults | 20.66 per 1,000 adults | 73.26 per 1,000 adults | 6 |
| 2010s | 178.44 per 1,000 adults | 76.49 per 1,000 adults | 277.51 per 1,000 adults | 10 |
| 2020s | 377.41 per 1,000 adults | 324.9 per 1,000 adults | 429.86 per 1,000 adults | 5 |
Countries ranked near Kenya
- 33 Brunei Darussalam 352.34 per 1,000 adults compare
- 34 Cyprus 348.79 per 1,000 adults compare
- 35 Bosnia and Herzegovina 333.58 per 1,000 adults compare
- 37 Montenegro 321.87 per 1,000 adults compare
- 38 Thailand 309.67 per 1,000 adults compare
- 39 Malaysia 305.09 per 1,000 adults compare
More financial sector data for Kenya
- Total reserves (gold at national valuation) (SDR), annual growth rate 14.45 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 153.55 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 28.36 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 20.02 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0657 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 155.28 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 17.24 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 157.28 SDR per person (2025)
Frequently asked questions
- What is borrowers from commercial banks in Kenya?
- Borrowers from commercial banks in Kenya was 324.9 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Kenya?
- The highest recorded value was 429.86 per 1,000 adults in 2022.
- What is the lowest borrowers from commercial banks recorded in Kenya?
- The lowest recorded value was 20.66 per 1,000 adults in 2004.
- How does Kenya rank for borrowers from commercial banks?
- Kenya ranks 36th out of 112 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Kenya?
- Over the last ten years it is up 98.0%. The long-run trend across the full record is volatile.
- Where does this Kenya data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.