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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.
Commercial banks are important because they channel savings into loans that are a source of finance for the productive sector. In extending loans to their customers, banks are aware that some borrowers will not repay.
They thus put in place systems to handle credit risk - the possibility that expected cash flow from a bank’s asset is not realised.
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