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NAIROBI, KENYA: Commercial banks in Kenya recorded Sh63 billion in non-performing loans in the last financial year owing to poor performance by manufacturers and traders during the 2017 general election, which slowed down loan repayments.
The value of bad loans was more than 80 per cent of the profit before tax made cumulatively by commercial banks, with the ratio of non-performing loans doubling from six per cent three years ago to 12 per cent.
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