By Benadeta Mwaura - Reporter
Kenya, June 19, 2026 - Stanbic Bank Kenya financed affordable housing projects worth KSh1.8 billion in 2025, reinforcing its position as a key private-sector partner in the government's push to expand access to home ownership.
According to the lender’s 2025 integrated report, the financing was channelled through its Personal and Private Banking division as part of its broader environmental, social and governance (ESG) strategy aimed at supporting inclusive urban development.
The bank said it continued to deepen its partnership with the Kenya Mortgage Refinance Company (KMRC) to make mortgages more affordable for middle-income earners by offering longer repayment periods and lower interest rates.
The financing comes at a time when Kenya is seeking to bridge a housing deficit estimated at more than 200,000 units annually, with the government prioritising the Affordable Housing Programme under the Bottom-Up Economic Transformation Agenda (BETA). The 2026/27 budget allocated KSh50.6 billion to affordable housing projects.
Stanbic has been leveraging KMRC-backed mortgage products to expand access to home ownership, offering loans of up to KSh10.5 million with repayment periods of up to 20 years and financing of up to 105% of property value.
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The lender has also entered partnerships with developers to ease access to housing finance. In 2025, it signed an agreement with Tatu City to provide financing solutions for homebuyers, including Kenyans in the diaspora.
Kenya's mortgage market remains relatively underdeveloped, with only about 26,000 active mortgage accounts nationwide, according to industry data, highlighting the significant opportunity for growth in housing finance.
Stanbic's increased investment in affordable housing aligns with efforts by financial institutions to support home ownership while stimulating job creation in construction and related sectors.