Kenya: Credit Extended to Private Sector Picks Up in 1Q21

Nairobi — Credit extended by the monetary banking system to the private sector increased in the first quarter of 2021, with loans to households being the key driver of growth.

This is according to a new report by the Central Bank of Kenya which indicates that lending to the household sector increased by Sh39 billion compared to Sh9.7 billion in the previous quarter partly reflecting focus by banks on secured individual lending as well as on the use of digital platforms.

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