•  The number of branches at the end of April 2009 stood at 904 an increase of over 100 branches from the corresponding period in 2008. Your Excellency, the strength of the Kenyan banks is now being felt in the region. There is a growing trend by Kenyan banks to expand their operations regionally particularly within the East African Community.
For example, the average change over the past year across the three most commonly cited wage measures was about 2-1/2 percent, compared with an average change from the end of 2009 to the end of 2014 of 2 percent.1 The recent news on inflation – the second leg of our dual mandate – has also been mixed.