×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

NBK issues profit warning due to bad loans

National Bank of Kenya branch

NAIROBI, KENYA: National Bank has issued a profit warning over the difficulty in recovering bad loans and the cost of restructuring.

The lender says it has impaired charges after realising that initial projections on the value of loans recoverable were not realistic or the value of the collateral was lower than expected.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in