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Kenya’s bank credit risk easing, CBK governor says

Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG 

Kenya’s banking sector credit risk is easing but lenders should be careful not to engage in reckless lending, the governor of the central bank said on Tuesday.

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Bad debts among Kenyan banks jumped to 12.4 percent of total credits last year, the highest level in more than a decade.

Patrick Njoroge told a news conference that Kenya’s economic growth was likely to rise to 6.3 percent this year from an estimated 6.1 percent in 2018, driven by robust expansion in the agriculture sector.



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