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Higher Kenyan bank bad loans should not cause panic - Barclays

Barclays Kenya Chief Executive Jeremy Awori. (Photo: File/Standard)

An increase in bad Kenyan bank loans should not cause panic as it comes after several years of fast lending growth, the chief executive of Barclays Kenya said on Wednesday.

The rise in bad debts over the past year has fuelled concerns about the stability of the country's 43 lender after the central bank had to take control of a third in nine months last week.

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