Documents in court show how bank hid bad loans from the public and investors

An international university is among customers who borrowed from Housing Finance (HF) but have fallen back on their repayment.

Interest on the Sh1.2 billion loan to the privately-owned institution was not paid for at least 90 days, as part of a huge but grossly understated non-performing loans. It is one of loans worth Sh4.3 billion which the firm concealed, but could have huge implications on profitability and investor perception — had it been declared.