Saccos member deposits up by 9.8pc to 564b

DT-Sacco segment controlled the largest proportion of both deposits and gross loans. [iStockphoto]

Deposits by Sacco members increased by Sh50.43 billion to Sh564 billion in 2021, translating into a year-on-year growth of 9.8 per cent, a new report shows.

The latest supervision report by the sector regulator, Saccos Societies Regulatory Authority (Sasra) also shows a 9.93 per cent jump in asset growth last year to Sh807.11 billion.