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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Central Bank of Kenya (CBK) yesterday threw borrowers into the shark-infested deep sea after it ended the emergency measures that had allowed them to restructure their loans.
This means the one-year holiday in which borrowers got reprieve, some of who lost their jobs, have ended and banks are at now liberty to book their loans as non-performing and subsequently go after their securities if they continue defaulting.
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