Kenyan Banks Expected to Expand Credit Access as Lending Rates Fall

Kenyan banks are expected to upscale their lending in the coming weeks, despite previous concerns about low consumer purchasing power and high government borrowing.

This is according to the Central Bank of Kenya's (CBK) Market Perceptions Survey conducted in May 2025, which provided insight into private lenders' outlook for credit growth.

Despite commercial banks lowering their credit growth forecasts for 2025, these banks expect lending activity to increase in the near future due to a number of factors.

According to the survey, the rebound is supported by a stable macroeconomic environment, improved liquidity conditions and recovery in some key sectors, including agriculture, manufacturing and construction.