As at  BIS central bankers’ speeches  1  30th June 2012, the 10 Kenyan banks had 240 branches outside Kenya, an increase of 34 branches from 204 in December 2011. It is worth noting that it is not only Kenyan banks that are expanding across the borders but banks in the other East African countries have also embraced the opportunity.
A case in point is the application by Bank of Kigali to establish a Representative Office in Kenya. I envisage that more banks will consider cross-border expansion once the on-going harmonisation of the legal, supervisory and regulatory frameworks among the EAC Central Banks is completed. Ladies and Gentlemen: Effectiveness of consolidated supervision and in particular a supervisory college depends on how it is structured.