Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Private Sector Credit growth
Cytonn Report: Private Sector Credit Growth
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
2.8%
0.0%
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
12.3%
13.3%
May-20
9.7%
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-19
Mar-19
May-19
4.9%
Jul-19
Sep-19
Nov-19
Jan-20
Average=10.6%
Mar-20
Private sector credit growth continues to recover, having grown by 13.3% in October 2022, as compared to 7.8% in the same period
last year, indicating that demand has improved as a result of increased economic activities coupled with the operationalization of the
Credit Guarantee Scheme
*Source: KNBS
.
We however expect private sector credit to remain subdued as commercial banks are expected to increase lending rates following the
MPC's decision to hike the Central Bank Rate by 50.0 bps to 8.75% in November 2022, from the previous 8.25%
Cytonn
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