Central Bank of Kenya Governor Patrick Njoroge has said that the banking sector remains stable and resilient in a presentation that he made on 21st May 2020.
The highlights are as follows:
- Strong liquidity and capital adequacy ratios at the end of April;
- Capital adequacy ratio was 18.43 percent (statutory minimum of 14.5 percent);
- Liquidity ratio stood at 51.17 percent (statutory minimum of 20 per cent);
- The ratio of gross non-performing loans (NPLs) to gross loans stood at 13.1 per cent in April compared to 12.5 per cent in March;
- Private sector credit grew by 9 per cent in the 12 months to April, with strong growth in credit observed in manufacturing, trade, transport and communication, building and construction, and consumer durables.