Macro Analysis /
Kenya

Kenya: Credit growth is recovering as asset quality improves, positive for banks

  • Central Bank kept interest rates at 7% as it expects inflation to remain below 7.5%, despite rising fuel and food

  • Asset quality levels are better than regulator's expectations and improvement is expected to be sustained until year end

  • Private sector credit growth momentum is below expectations as banks prefer to lend to the government

Kenya: Credit growth is recovering as asset quality improves, positive for banks
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
29 September 2021
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