Lending to real estate, including mortgages, accounted for half of new loans to the private sector in three months through June 2020 when the economy shrank for the first time in a decade, banking data showa.
Latest banking industry credit statistics by the Central Bank of Kenya indicate commercial banks issued Sh17.2 billion to real estate — 50.89 per cent of Sh33.80 billion additional net credit to businesses and homes.
