The banking sector in Kenya has grown over decades. The National Bank of India is the first bank ever to be established in the nation. The bank was set up in 1986, a year after the British Administration was established in the nation. Unlike what many people think, the British are not the first foreigners to start a bank in this nation.
The banking sector has since evolved over the year. Today, there are many banks in the nation including Equity Bank. Commercial Bank, Barclays Bank and Post Bank among others. Despite the endless challenges we have seen in the banking industry, the sector has not only remained strong but also vibrant.
Statistics show that the nation has more than 40 banks. The firms have branches all over the country. There are also ATM machines across the nation where customers can withdraw money easily. Most of the banks including Equity have embraced mobile banking to make their services even better.
Customers no longer travel to the banks to queue before they can make certain transactions. The banks have made it easy to withdraw money from the comfort of couches. You can now withdraw money from your bedroom without going through much hassle over the same.