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Blacklisting of loan defaulters resumes

CBK Governor and chairman of Monetary Policy Committee (MPC) Patrick Njoroge. [File, Standard]

The Central Bank of Kenya (CBK) has ended a six-month freeze on the listing of loan defaulters and directed financial institutions to start sharing the information with Credit Reference Bureaus (CRBs).

After the virus struck, most borrowers were given an extension of between six months and one year in a deal struck with the regulator to help them weather the Covid-19 storm - in terms of offering them some breathing space in loan repayment.

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