The latest deposits held by the 14 deposit-taking microfinance banks regulated by the CBK mark a reversal of a prolonged decline that saw customer savings fall from Sh48.65 billion in 2021 to...
By
Patrick Alushula
Business Reporter
Nation Media Group
Deposits held by microfinance banks have edged up for the first time in three years, signalling a tentative recovery for a sector that has been under pressure from tight economic conditions and competition from banks and digital lenders.
A slower pass-through of CBK rate cuts to borrowers helped banks grow first-quarter earnings as deposit costs fell.
Analysts reckon that banks have been able to attain bigger lending margins or spreads from an easier release of expensive…
CBK) shows that the lenders’ pre-tax earnings in the review period stood at Sh111.8 billion, rising from Sh98.2 billion a year…
At least seven microfinance banks will need fresh capital to meet proposed CBK requirements.
Deposits at Kenyan subsidiaries of GTCO, UBA and Access have more than doubled in five years, but only one bank has delivered…
The CBN's recent crackdown on microfinance banks, revoking 46 licenses, is expected to drive consolidation and shift deposits,…
