Investments & Mortgages Bank, seventh in the table below, has Tier 1 capital of 2426m shillings ($35m), meaning that the 34 banks below it are tiny in terms of Tier 1 capital and assets. None of Kenya’s banks approach the Top 1000 World Banks listing, which this year cut off at $231m.
The central bank tried to promote consolidation three years ago by raising the minimum capital requirements, but backtracked after intense lobbying by smaller banks.
