Vehicles, houses top Sh263 million Stanbic Bank asset auctions

The value of seizures for assets such as saloon vehicles rose 21 to Sh210 million. [Omondi Onyango, Standard]

Motor vehicles and residential houses topped the list of Stanbic Bank’s Sh263 million asset seizures last year from individuals and firms that struggled with loan repayments.

The value of seizures for assets financed under the vehicle and asset finance such as saloon vehicles, prime movers and trailers rose 21 per cent to Sh210 million from Sh174 million.