Commercial banks set to give more loans, says report

Metropol Corporation Economist Ndiritu Muriithi (left) and Managing Director (MD) Samuel Omukoko during a press conference in Nairobi regarding the Country's economic forecast. (Photo David Njaaga/Standard)

Financial services firm, Metropol Corporation, expects pressure for banks to offload expensive deposits to lift private sector borrowing from the current 10-year low.

In their economic forecast report for 2017, the firm, which also offers Credit Reference Bureau (CRB) services says that large banks have excess liquidity of about Sh400 billion and will want to lend it out to avoid huge interests.