Kenya Economic Update, December 2013, No. 9 : Reinvigorating Growth with a Dynamic Banking Sector

Kenyans are living two decades longer; the fertility and infant mortality rates have been cut in half; and school enrollment, at both the primary and secondary level, has more than doubled. On the economic front, gross domestic product (GDP) per ca...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AGRICULTURAL OUTPUT ASSET QUALITY AUCTION BALANCE OF PAYMENTS BALANCE SHEET BALANCE SHEETS BANK ASSETS BANK CREDIT BANK FINANCING BANK LENDING BANK PORTFOLIOS BANK RATE BANKING CORPORATION BANKING SECTOR BANKING SYSTEM BASIS POINTS BENEFICIARIES BENEFICIARY BOND YIELDS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL GOODS CAPITAL INFLOWS CAPITAL MARKETS CAPITALIZATION CASH FLOW CENTRAL BANK CLIMATIC CONDITIONS COLLATERAL COLLATERAL REGISTRIES COLLATERAL REGISTRY COMMERCIAL BANK COMMERCIAL BANKS COMMODITY PRICES CONSUMER DURABLES CONSUMER GOODS COOPERATIVE BANK CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT SOURCE CREDITOR CREDITOR RIGHTS CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT POLICY DEMAND FOR CREDIT DEPOSIT DEPOSITS DEVELOPMENT FINANCE DISBURSEMENT DIVIDENDS DOMESTIC BOND DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC INTEREST RATES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC PERFORMANCE ELECTRICITY GENERATION EMERGING MARKETS ENVIRONMENTS EQUIPMENT EQUITIES EQUITY MARKETS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS EXTERNAL DEBT EXTERNAL INDEBTEDNESS FEDERAL RESERVE FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SERVICE PROVIDERS FINANCING OF INVESTMENT FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL POLICY FLOATING EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FINANCING FOREIGN INTEREST FOREIGN INVESTORS FREE ASSET FREE ASSETS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL INTEREST GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT REVENUE GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH UNEMPLOYMENT HOLDINGS HUMAN RESOURCE INCOME TAX INFLATION INFLATION RATE INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFORMATION ASYMMETRIES INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATE PAYMENTS INTEREST RATE SPREAD INTEREST RATE SPREADS INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL MARKET INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT CORPORATION INVESTMENT DECISIONS INVESTMENT FUND INVESTMENT SPENDING ISSUANCE LENDERS LEVY LIQUIDITY LOAN LOAN RECOVERY LOCAL BUSINESSES MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC VOLATILITY MARKET CAPITALIZATION MARKET CONDITIONS MARKET ECONOMY MARKET INDEX MARKET STRUCTURE MATURITY MICROFINANCE MICROFINANCE INSTITUTIONS MONETARY FUND MONETARY POLICY MONEY SUPPLY MORTGAGES NATIONAL SECURITY NATIONAL TREASURY NON-PERFORMING LOANS NONPERFORMING LOANS OIL OIL PRICE OIL PRICES OWNERSHIP STRUCTURE PAYMENT SERVICE PENSIONS PERSONAL SAVINGS POLICY ENVIRONMENT POLICY MAKERS POLITICAL RISK POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIO CAPITAL PORTFOLIO FLOWS PORTFOLIOS PRICE RISKS PRIVATE CAPITAL PRIVATE CREDIT PRIVATE SECTOR CREDIT PROPERTY RIGHTS PUBLIC DEBT PUBLIC SPENDING QUALITY OF ASSETS REAL EXCHANGE RATE RECURRENT EXPENDITURE REGISTRY SYSTEM REMITTANCES REPAYMENT REPAYMENTS REPO RESERVE RESERVES RETURNS RETURNS ON EQUITIES RISK AVERSION RISK PREMIUMS RISK-FREE RETURN SAVINGS DEPOSITS SECURITIES MARKETS SHORT MATURITIES SHORT-TERM CAPITAL STABLE INTEREST RATE STOCK EXCHANGE STOCK MARKET STREAMS TAX REVENUES TERMS OF TRADE TERRORISM TRADE BALANCE TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY BILL TREASURY BILL RATE TREASURY BILL RATES TREASURY-BILL RATES TURNOVER WAGES WORKING CAPITAL YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2013/12/18639058/reinvigorating-growth-dynamic-banking-sector http://hdl.handle.net/10986/17002

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Summary:	Kenyans are living two decades longer; the fertility and infant mortality rates have been cut in half; and school enrollment, at both the primary and secondary level, has more than doubled. On the economic front, gross domestic product (GDP) per capita increased eightfold; the largest share of GDP is the services sector, not agriculture; and the financial sector is now the third largest in Sub-Saharan Africa (after South Africa and Nigeria). Kenya strengthened its external position substantially in recent years, accumulating international reserves to meet program targets under the successfully completed international monetary fund (IMF) program. Reforms have improved the resilience of the banking sector to domestic and international shocks. With the advent of mobile information and communications technology (ICT) developments, the ceiling for innovation targeting specific segments of the market and outreach has been raised almost indefinitely. Kenyan banks are ahead of their counterparts in Sub-Saharan Africa in terms of the share of lending to small and medium-size enterprises (SMEs) in their portfolios. A mature banking sector and more generally, a well-developed financial sector that supports a vibrant private sector will be an important advantage to achieving the vision 2030 goals.

Kenya Economic Update, December 2013, No. 9 : Reinvigorating Growth with a Dynamic Banking Sector

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