NAIROBI, Kenya, Oct 31 – The Kenya National Police Sacco has received a clean bill of health from GCR Ratings, achieving a Long-Term National rating of A-(KE) and a Short-Term National rating of A2(KE).
The A-(KE) rating underscores the Sacco’s strong ability to meet financial obligations, bolstered by a core capital to total assets ratio of 33 percent, significantly higher than the industry average of 16 percent.
Likewise, the SACCO reported a non-performing loan (NPL) ratio of only 2.4 percent, well below the banking sector average of 14.9 percent.
With 90 percent of member deposits, totaling Sh28.7 billion, classified as non-withdrawable and a liquidity ratio of 61 percent, the Sacco showcases a robust funding structure.
GCR Ratings has issued a stable outlook for the organization, highlighting its resilient performance and stable asset quality.
CEO Solomon Angutsa expressed pride in the recognition, stating, “We are very proud for being acknowledged in this way, which reaffirms our dedication to financial safety and member service.”
He added, “Our strong ratings show that not only our performances are commendable but also that promoting a saving habit and financial inclusion for our members is our main concern.”
