Commercial Banks and Mortgage Finance Institutions are licensed
and regulated pursuant to the provisions of the Banking Act and the Regulations
and Prudential Guidelines issued thereunder. They are the dominant players
in the Kenyan Banking system and closer attention is paid to them while conducting
off-site and on-site surveillance to ensure that they are in compliance with
the laws and regulations.
Currently there are there are
licensed commercial banks and
mortgage finance company.
Out of the institutions,
are locally owned and are foreign
owned. The locally owned financial institutions comprise 3 banks with significant
shareholding by the Government and State Corporations, commercial banks and
mortgage finance institution. The ownership structure of the commercial banks
and mortgage finance company is as depicted in the chart below:
*Shareholding by the Government and state corporations