Imperial College London
Alternate

Professor Franklin Allen

Business School

Interim Dean of Imperial College Business School (ICBS)
 
 
 
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Contact

 

+44 (0)20 7594 9195f.allen Website CV

 
 
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Location

 

2.05B52-53 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Allen:2021:rof/rfaa021,
author = {Allen, F and Carletti, E and Cull, R and Quian, J and Senbet, L and Valenzuela, P},
doi = {rof/rfaa021},
journal = {Review Of Finance},
pages = {121--152},
title = {Improving access to banking: evidence from Kenya},
url = {http://dx.doi.org/10.1093/rof/rfaa021},
volume = {25},
year = {2021}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We explore the relationship between bank branch expansion, financial inclusion and profitabilityfor Equity Bank. Unlike traditional banks, including foreign and government owned banks inKenya, Equity Bank targets less developed territories and less privileged households. Its presenceincreased financial inclusion by 31 percent of the adult population between 2006 and 2015,especially for Kenyans who were less educated, did not own their own home, and lived in lessdeveloped areas. The bank’s business model proves to be highly effective, with branch-levelprofits rising in areas with a smaller number of operating banks. Overall, the growth of EquityBank demonstrates that financial inclusion can be achieved and sustained through profitablebranching and service strategies that also serve the needs of underserved regions and populations.Thus, financial inclusion need not come at the sacrifice of bank profitability.
AU  - Allen,F
AU  - Carletti,E
AU  - Cull,R
AU  - Quian,J
AU  - Senbet,L
AU  - Valenzuela,P
DO  - rof/rfaa021
EP  - 152
PY  - 2021///
SN  - 1572-3097
SP  - 121
TI  - Improving access to banking: evidence from Kenya
T2  - Review Of Finance
UR  - http://dx.doi.org/10.1093/rof/rfaa021
UR  - https://academic.oup.com/rof/article/25/1/121/5891673
UR  - http://hdl.handle.net/10044/1/82472
VL  - 25
ER  -
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