Bank loans for cars, electronics surpass credit for homes, offices

Bank lending for consumer durables has surpassed property financing, reaching Sh502.2 billion in June 2026, a 9.8% increase from the previous year. Loans for vehicles and household appliances are now Sh56.3 billion higher than real estate loans, which fell by Sh6.1 billion. This trend indicates growing caution among banks regarding the real estate sector, with 27% of lenders expecting an increase in non-performing loans in this area.