Co-op to raise SME lending after WB fete

Co-operative Bank of Kenya Chief Executive Gideon Muriuki. [File, Standard]

Tier one lender Co-operative Bank of Kenya has pledged to double down on lending to small- and medium-sized businesses.

Group Chief Executive Gideon Muriuki said the lender would boost annual lending to the SMEs, bucking projections of a highly anticipated clampdown on credit for the sector, which is perceived risky.