tackling the challenges and taking advantage of opportunities that arise. in this regard, i thank all the institutions under the fap that have contributed in various ways towards these finaccess surveys, particularly the 2013 survey – notably the fsd, kenya, kenya national bureau of statistics ( knbs ), kenya bankers association, the research house tns - rms, kenya institute for public policy research and analysis ( kippra ), kenya commercial bank ( kcb ), development alternative international ( dai ) and the cbk. ladies and gentlemen : beside the finaccess studies that provide us all with valuable information as to where we should focus our efforts most in order to achieve our goal of providing affordable and accessible financial services and products to majority kenyans. i wish to inform you that fap is also working with cbk, fsd, kenya and bill and melinda gates foundation on the spatial mapping of all financial access touch points, the findings of which will improve our understanding on how to enhance financial inclusion. with these few remarks, ladies and gentlemen, i welcome you to this breakfast event and look forward to the launch. thank you. bis central bankers ’ speeches

. the proportion of the financially excluded on the other hand has been falling steadily from 39. 3 % in 2006 to 31. 4 % in 2009 and now stands at 25. 4 % of the adult population. equally and more striking, the proportion of the population using informed financial services has declined to 7. 8 % from 35. 2 % in 2006 and 26. 8 % in 2009. these findings demonstrate impressive achievements and vindicate policy strategies and reforms undertaken by government and initiatives and innovations by the financial sector players ’ as having helped expand financial inclusion. it is even more interesting to note from the results that many more people are now accessing and using financial services and products supplied by diverse providers. this shows that people are now moving towards using a broader portfolio of financial services and products to satisfy their needs. the use of combinations of all formal prudential, formal non - prudential, other formal and informal financial services except the excluded has been rising from 16 % in 2006 to 25 % in 2009 and to 29 % in 2013. these patterns demonstrate that financial sector participants require choices and therefore the need to maintain diversity and encourage competition amongst providers of the different financial products in different market segments. ladies and gentlemen : the survey results we are releasing today are as a result of developments in the wider economy, policy and regulatory reforms, increased competition and innovation and advances in information and communication technology. these developments have set off a dramatic shift away from the traditional delivery of financial services. in the banking industry, the introduction of automatic teller machines ( atm ) a few years ago already moved customers out of the physical branches. and now more than ever, access through point - of - sale ( pos ) devices, the internet and mostly through mobile phones platforms have accelerated and are still poised to accelerate the swing to branchless banking. we, however, still have some ground to cover in expanding access to financial services, given that about 25 % of the population remains totally excluded. bis central bankers ’ speeches ladies and gentlemen : the information generated by the past three finaccess surveys will help financial service providers identify where opportunities exist. i am delighted that the sector now has such useful information resource at its disposal. in conclusion, ladies and gentlemen, let me also observe that the finaccess studies have been championed and driven by a partnership between public and private institutions. i commend and support such initiatives and hope that this lays the foundation for a deeper and sustained partnership between the public and private sector in