The Financial Sector Regulators has released the Kenya Financial Sector Stability Report, 2020. The Report provides an assessment of the global and domestic economic conditions, financial sector and national payments system developments and risks in the year 2020 to June 2021, and financial stability outlook. The stress test results indicate that the banking sector remained resilient to the evolving COVID-19 shock, supported by authorities’ measures taken to mitigate the impact of the pandemic on households’ livelihoods and firms’ incomes. The public will find the Report useful in providing information on financial sector stability assessment and outlook.
Read the full Report here…