Banks, saccos tap Sh7.7 billion in KMRC loans to boost mortgages

Kenya Mortgage Refinance Company (KMRC) Chief Executive Officer Johnstone Oltetia.

Photo credit: File | Nation Media Group

Kenyan banks and saccos took additional cheap loans worth Sh7.7 billion from Kenya Mortgage Refinance Company (KMRC) in the year ended December 2025 to expand their financing of mortgages.

KMRC had provided institutions including KCB Bank Kenya, Co-operative Bank of Kenya and Stima Sacco with cumulative loans of Sh19.6 billion in the review period, according to disclosures in the company’s latest annual report.

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