Macro Analysis /
Kenya

Kenya banks: Asset quality improves marginally, we remain cautiously optimistic

  • NPL ratio records a marginal decline in April but the regulator expects weakness to last through to June 2021

  • Private sector credit growth was at 6.8%, with a recovery expected post lockdown

  • The current account deficit is 5.2% but the IMF expects this to widen

Kenya banks: Asset quality improves marginally, we remain cautiously optimistic
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
27 May 2021
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