Equity Analysis /
Kenya

Kenya Tier 1 banks benefit from agency banking surge; Equity Group leads the way

  • Kenya's agency banking transactions grew 52% in H1 21 from a pandemic-driven push towards digital payments

  • Equity Group set to benefit the most as it has the strongest agency network; Co-op bank still lags behind peers

  • Agency banking transactions set to grow in the medium term, but future growth will be cannibalised by mobile platforms

Kenya Tier 1 banks benefit from agency banking surge; Equity Group leads the way
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
12 August 2021
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