The Central Bank of Kenya (CBK) released digital transaction data for both banks and telcos in 2020, showing strong growth in digital payments and a decline in card transactions. Compared to July 2019-March 2020 (pre-pandemic), total card transaction...
Most (62%) incumbents think that their industries will be bigger in three years’ time; just 2% foresee shrinkage. Only 8% expect more fragmentation. Executives in the technology sector are most pessimistic about the prospects of tighter regulation. L...
According to data from the Central Bank of Kenya, total banking industry PBT fell by 29% yoy in FY 20. We have Hold recommendations on ABSA Kenya, DTB and Stanbic Holdings. In our view, loan book growth is set to remain in single digits in 2021 and 2...
Incumbents seem somewhat complacent about the fintech threat; 80% think fintechs represent a mild or no threat to their businesses. Technology investment, better analysis of data and lowering product prices are popular steps for financial sector incu...
The Central Bank of Kenya (CBK) revealed at the monetary policy meeting held last week that the banking industry has restructured 54.2% of loans as of December 2020. In the personal segment, 40% of loans have been restructured as of December 2020. On...
As we had anticipated, the Central Bank of Kenya has announced that it is lifting its ban on fees on digital banking transactions on 31 December. The change should benefit digital banking giant Safaricom, which saw a decrease in the percentage of its...
Equity Group Holdings Ltd. operates as a financial services holding company. The Company provides strategic, brand, risk and talent management to its subsidiaries.
Equity Group Holdings PLC/Kenya
Sub Sahara Africa
Kenya Commercial Bank
Former Exotix Analyst
Stanbic Holdings (Kenya)
Diamond Trust Bank