×
The Standard e-Paper
Fearless, Trusted News
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.
The share of loan defaults has increased to Sh539.3 billion, pointing to a cash crunch in the economy that could set up thousands of borrowers for property seizures.
The latest Central Bank of Kenya (CBK) latest data shows that 14 per cent of all loans were defaulted by the end of March this year, a sharp increase from 13.3 per cent or Sh500 billion in December 2022.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join