Deposit‑taking Saccos Assets Reach Sh1 Trillion as Loans Outpace Deposits
Kenyan deposit‑taking Saccos reported total assets of Sh1 trillion.
In Brief
- •Kenyan deposit‑taking Saccos reported total assets of Sh1 trillion.
- •Loans issued by the Saccos exceeded the amount of deposits held.
- •The figures were disclosed by Standard Group Plc in a business news release.
Why It Matters
The growth of Saccos’ assets signals expanding access to credit for Kenyan households and small businesses, potentially boosting local economic activity. However, a loan‑to‑deposit ratio above one raises liquidity concerns that regulators may need to monitor to safeguard savers’ funds.
Key Details
- Total Assets
- Sh1 trillion
- Loans vs Deposits
- Loans exceed deposits
Original Reporting & Sources
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