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Originally published by The Standard Business
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September 30, 2025
3h ago

Sasra warns Saccos on rising loans competition

Sasra warns Saccos on rising loans competition

Saccos have been cautioned to expect stiff competition from banks in the wake of the falling interest regime by the Central Bank of Kenya (CBK), which is aimed at pushing credit to the private sector...

✨ Key Highlights

The Sacco Societies Regulatory Authority (Sasra) has warned Saccos about increased competition from banks due to falling interest rates set by the Central Bank of Kenya (CBK), which aims to boost private sector credit. Sasra advises Saccos to improve liquidity and encourage member deposits rather than increasing external borrowing from banks.

  • CBK's Central Bank Rate (CBR) has decreased from 13.0 percent to 9.50 percent since August 2024.
  • Sasra highlighted that for the first time in three years, Saccos paid dividends below the CBR.
  • The industry owed Sh25.64 billion in external borrowings from commercial banks by the end of December 2024.

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