Less than one percent of bank accounts in Kenya have Sh1 million, say CBK

CBK Governor Patrick Njoroge

NAIROBI, KENYA: Nearly all bank accounts in Kenya have deposits less than Sh 1 million, Central Bank of Kenya has revealed.

CBK Governor Patrick Njoroge on Tuesday told a parliamentary committee that 99.3 percent of bank accounts in Kenya have deposits of less than Sh1 million. “Only 0.7 percent of accounts have deposits of more than Sh1 million,” he said