The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Most lenders anticipate high loan defaults this year. [photo: file/standard]
Bankers are nervous about higher loan defaults this year, eliminating any chances of cheaper credit.
Findings of a survey done by the Central Bank of Kenya found that about half of all lenders expect that more borrowers will be unable to service their loan facilities this year.
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