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Banks see rebound in lending on declining interest rates in Kenya
Central Bank of Kenya (CBK) says banks expect short term credit and major strategic projects such as public-private partnerships to drive the uptake of credit next year.
Most banks expect the demand for credit in the private sector to start recovering on the back of the falling of the central bank rate (CBR) and the stabilisation of the Kenya shilling.
Latest Central Bank of Kenya (CBK) market perceptions survey capturing market perceptions of bank CEOs and senior officers in November found that 74 percent of the respondents anticipate a moderate increase in the demand for loans in the first quarter of next year while only three percent expect a decrease in the same period.
