Gross loans rose 12.1 percent to stand at Sh474.7 billion as at December 2020 compared to Sh419.6 billion achieved a year earlier.
Deposit-taking (DT-saccos) shrugged off the adverse economic ills brought by Covid-19 menace to post an average of 12 per cent growth on their assets, loans and deposits.
Addressing a saccos delegates congress in Mombasa, Saccos Regulatory Authority (Sasra) chief executive John Mwaka said deposits of the 176 saccos hit Sh431.1 billion being a 13.3 percent growth from Sh380.4 billion registered in 2019.
