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Browsing: bank assets in kenya
- Central Bank of Kenya data shows that Kenya’s banking sector assets grew by double-digits in 2021, owing to growth in the purchase of government securities
- The Kenya Financial Sector Stability Report shows that loans and advances (net) as a share of net assets declined to 48.5 per cent in 2021 from 49.2 per cent in 2020
- Investment in government securities grew at a faster pace compared to growth in loans and advances between 2021 and 2020
A new report by the Central Bank of Kenya shows that Kenya’s banking sector assets grew by double-digits in 2021 because of the increased purchase of government securities.
According to the Kenya Financial Sector Stability Report, loans and advances (net) as a share of net assets declined to 48.5 per cent in 2021 from 49.2 per cent in 2020. At the same time, government securities holding increased to 30.5 per cent in December 2021 …