Top listed banks cut provisions on expected credit losses by 23.7 percent last year amid a pause in the growth of non-performing loans (NPLs), which have since re-emerged from tough economic conditions.
The nine tier-one lenders trimmed their provisions from Sh92.3 billion in December 2023 to Sh70.5 billion at the end of last year as the industry NPLs ratio eased to 16.4 percent after peaking at 16.7 percent in August, a nearly two-decade high.
