Banking & Finance
The sector consists of 23 banks with 1,225 branches spread across the 16 regions of the country as at June 2019.
the banking sector is expected to remain strong with continued improvement in the key FSIs. Deposits growth is also projected to remain robust and together with the higher capital levels, drive credit growth. Going forward, improved financial intermediation will be supported by sustained efforts aimed at reducing the industry’s stock of NPLs through write-offs, recoveries and intensified credit risk management practices on the part of the banks