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Defaults on loans advanced to the real estate sector increased by more than Sh5 billion in the last quarter of 2020, as the pandemic continues to ravage the economy.
According to data from the Central Bank of Kenya (CBK), the sector recorded a 6.4 per cent increase in the gross non-performing loans (NPLs) from September to December 2020 to Sh61.4 billion, up from Sh57.7 billion in quarter three of 2020.
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