This archive report was first published on 16 August 2021.
According to the latest SACCO Societies Regulatory Authority (SASRA) Supervision Report, the DT-SACCO sub-sector recorded a significant increase in its balance sheet size by 12.75% in 2020, reaching KSh 627.68 Billion.
Published on August 16, 2021, the report highlights the resilience of DT-SACCOs in the face of the COVID-19 pandemic, which had a significant impact on the national economy.
DT-Saccos Deposits, Gross Loans, Net Loans and Advances ¶
Total deposits grew by 13.41% to reach KSh 431.46 Billion in 2020, representing an increase of 11.27% over the same period in 2019.
‘These deposits formed the bedrock of sources of funding of the assets and shows that notwithstanding the impacts associated with the COVID-19 pandemic, DT-SACCOs were still able to mobilize deposits at a near similar rate as the growth in their assets’ portfolios,’ said Peter Njuguna, SASRA Acting Chief Executive Officer.
Deposit-Taking SACCOs also reported an increase in the gross loans to KSh 474.77 Billion, representing a growth rate of 13.16% in 2020.
Net loans and advances increased by 12.60% to reach KSh 450.58 Billion in 2020, compared to an increase of 11.46%, amounting to KSh 400.16 Billion in 2019.
