×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Police SACCO doubles capital levels as sector struggles with defaults

Kenya Police DT Sacco chief executive Solomon Angutsa. [File, Standard]

Kenya National Police Deposit-Taking Savings and Credit Cooperative Society has doubled its capital ratios compared to the industry average, even as most SACCOs and banks continue to face high loan defaults.

The Johannesburg-based Global Credit Ratings on Monday, April 28, reaffirmed the SACCO's long-term rating at A-(KE) and short-term rating at A2(KE), both with a stable outlook.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902