Banks present in Kenya
International Banks are well present in Kenya such as Citi Bank, CFC Stanbic (Standard Bank of South Africa), Barclays Bank, Bank of Baroda, Standard Chartered in the banking sector, creating an additional sense of security with regard to financial stability in Kenya.
There are also large Kenyan Banks such KCB, Equity Bank and I&M bank which have regional presence.
Internet Banking is widely used and it is mandatory to use electronic fund transfer (eft) for funds over and above KES 1m (approximately USD 10,000).
Most investors use international banks for their international transfer and local banks for geographical coverage of branches.