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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Loans worth Sh28.4 billion that were restructured have gone bad after borrowers failed to service them, recent data from the Central Bank of Kenya (CBK) shows.
This means that banks might be forced to forward the names of these borrowers to Credit Reference Bureaus (CRBs) for blacklisting or recover the loans by auctioning the borrowers’ assets in case of secured loans.
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