As I noted a moment ago, any reduction in credit availability would be most acute for borrowers from traditionally underserved communities, where mortgage companies have a particularly high market share. Even before the pandemic, regulators had widely recognized that the oversight and regulatory infrastructure for mortgage companies is much less well developed than for banks, and it could benefit from an update.
•  Deposits increased to Ksh.1 trillion in October 2009 due mainly to deposit mobilization and expansion of branch networks by banks. •  The sector recorded higher than required capital adequacy ratios. As at September 30, 2009, the Capital Adequacy Ratio stood at 20% and was above the statutory minimum of 12%.