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Banks expect weak demand for loans on economic woes
CBK data shows that during the year to March this year, the stock of loans lent to private businesses by banks grew at a slower pace of 0.2 percent to Sh3.8 trillion, compared to a 7.9 percent jump witnessed in the prior period ending March 2024.
Banks are anticipating suppressed demand for loans from the private sector in the two months ending July 2025, as they remain under pressure from elevated costs of doing business, low disposable incomes as well as concerns over taxation.
Latest market perceptions survey published by the Central Bank of Kenya (CBK) notes that the impairing factors, will water down the gains that ought to have been derived from lowered interest rates and gradual recovery of the economy.
