I&M Holdings PLC Financial Overview and Strategic Outlook
Kenyan Banking Sector Overview & Highlights
GDP
GDP is estimated to
grow at 4.4% in 2021
assuming no
lockdowns are
imposed due to the
pandemic
Banking Sector
The COVID-19
pandemic has led to
significant changes in
banks' balance sheets
and profit and loss
positions, but the
system remains
Source KBA bulletin
M
sound and stable
Policy Measure on Impact of
Pandemic
%
There was growth in credit to
the private sector, this relative
recovery towards the end of
2020 was supported by
continued recovery in demand
from the COVID-19 related
disruptions and the
accommodative monetary
policy
Liquidity
Increase in NPLs
Adverse effects of
the pandemic on
economic activity
continue to weaken
the capacity of
borrowers to
service their loans.
The loan-to-deposit ratio recovered after a decline in the
first half of the year, as banks adjusted their operating
strategies in line with the prevailing business
environment. Banks' intermediation priorities have been
navigating the profitability - liquidity trade-offs
Holdings
0
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