John Gachora

CEO's Profile

Theme |
Topic | Market Competition & the Cost of Credit
MONTH | September 2014

Discussion Focus Area:

  • Competition in the Banking Industry (for assets & liabilities)
  • How Banks Respond to Pricing Pressure


According to the FinAccess 2013 Survey, more people have access to formal financial services than ever in the past. About 66.7 per cent of Kenyans have an account at a formal financial institution compared to 23 per cent in 2009.This is a very positive development. With greater access to formal financial services, there has been increased interest and competition amongst local financial institutions as well as multinationals who see this customer base as a significant market opportunity.