NAIROBI, Kenya, April 28 – Kenya National Police Deposit-Taking SACCO has retained its 2025 national scale issuer ratings, with GCR Ratings affirming a Long-Term National Rating of A-(KE) and a Short-Term Rating of A2(KE), both carrying a Stable Outlook.
The Johannesburg-based ratings agency cited the SACCO’s strong capital position, stable funding structure, and its notable standing in Kenya’s cooperative financial sector.
As of December 31, 2024, the SACCO posted a core capital to total assets ratio of 33.0%, well above the 2023 industry average of 16.1%. Its core capital to deposits stood at 64.0%, also exceeding the 8.0% regulatory minimum.
With assets of Sh54.0 billion and gross loans of KES 51.9 billion in 2024, the SACCO ranked third among Kenya’s 174 licensed deposit-taking SACCOs. Membership increased to 74,305, largely comprising police officers and civil servants.
The SACCO’s funding model remains stable, with non-withdrawable deposits accounting for 90.2% of total member funding, totaling Sh31.1 billion. The deposit base is widely distributed, with the top 20 depositors contributing just 1.1% of the total.
Its non-performing loan (NPL) ratio stood at 2.4% in 2023, significantly below the SACCO sector average of 8.0% and the banking sector average of 14.9%, pointing to effective credit risk controls.
The financial leverage ratio was 36.0% in 2024, with a five-year average of 36.9%. Liquidity remained strong at 61.0%, exceeding the 15.0% statutory threshold.
The SACCO’s net interest income accounted for 82.0% of total operating revenue in 2023, reflecting its reliance on interest-based earnings.
GCR said the reaffirmed ratings reflect consistent financial performance, robust capital adequacy, and prudent risk management. The SACCO plans to implement its 2025–2029 strategic plan, which focuses on expanding member services and maintaining financial stability.
