Study reveals key opportunities in lower-tier bank mortgages

New research says there is still room for more home loans in the market, even as data shows a drop in the ratio of mortgages to total credit.

The research by the Kenya Mortgage Refinance Company (KMRC) which analysed the Annual Bank Supervision Report by the Central Bank of Kenya (CBK) notes that this room for growth exists in lower-tier financial institutions. These lower-tier banks happen to have similarly lower mortgage to total loans ratio with one of them having quit the market altogether.  This...