×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

Nowhere to go as lenders shun State entities over loan defaults

 

[Courtesy]

Commercial banks are cutting their loan exposure to State-owned enterprises (SOEs) amid increased default risk. This is as some of the parastatals tap borrowings to pay salaries.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902