Kenya’s Banking Industry Enjoyed Robust Growth in 2021

Kenya Banking Sector Well Capitalised, to Withstand Covid-19 Shocks - KBA 

KBA Chief Executive Officer Dr Habil Olaka

Kenya’s banking industry enjoyed robust growth in terms of assets, liabilities, and liquidity conditions.

According to the Kenya Bankers Association’s State of the Banking Industry (SBI) Report 2022, the sector’s overall profitability recovered, as the average return on assets and equity went up to 3.3% and 22.1%, respectively, from 2.0% and 13.3% in 2020.

Part of the report reads: “The improved profitability reflected the economy’s recovery from the pandemic’s depressing effects.”  

During the period, the banking industry’s total assets grew by 11.4% to Ksh 6.0 trillion from Ksh 5.4 trillion in 2020, driven by growth in investments in government securities and private sector gross loans that accounted for 78.3% of the total assets.

The State of the Banking Industry (SBI) Report is an annual publication of the Kenya Bankers Association Centre for Research on Financial Markets and Policy® aimed at contributing to understanding the Kenyan banking industry.


Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

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