×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Read on the App

Banks build Sh60 billion war chest for bad loans amid economic uncertainty

Kenya's largest banks have allocated a total of Sh60 billion for loan losses so far in the past nine months due to concerns about a slowdown in the country's economy and an increase in defaults among businesses and individual borrowers.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive 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