×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Commercial banks bad loans soar past decade record

loan application form and dollar banknotes

More than eight per cent of all loans issued by commercial banks to borrowers are in default, the Central Bank of Kenya has reported.

It is a sharp rise from February when only 6.8 per cent of the loans were classified as non-performing, in a new reality that had for long been concealed by lenders.

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