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Standard Chartered Bank of Kenya aims to bring bad debts down to below 5 per cent of its loan book by the end of this year from 7 per cent in the first quarter, its chief executive has said.
Bad debts at the Kenyan division of Standard Chartered Plc jumped to 11 per cent of lending in 2014 after it started treating loans that had not been repaid for three months as bad, rather than six months previously.
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