Kenya's bank credit risk easing, CBK governor says

Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG 

By REUTERS
More by this Author

Kenya’s banking sector credit risk is easing but lenders should be careful not to engage in reckless lending, the governor of the central bank said on Tuesday.

Bad debts among Kenyan banks jumped to 12.4 percent of total credits last year, the highest level in
more than a decade.

Patrick Njoroge told a news conference that Kenya’s economic growth was likely to rise to 6.3 percent this year from an estimated 6.1 percent in 2018, driven by robust expansion in the agriculture sector.