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Sh423 billion bad loans headache for lenders

Central Bank of Kenya

Banks experienced a surge in bad debt in December as borrowers struggled to service their loans following the end of a repayment holiday granted to soften the blows of Covid-19.

The stock of bad loans rose to Sh423 billion, 14.1 per cent of banks’ total loan book that stood at Sh3 trillion, according to the Central Bank of Kenya (CBK).

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