×
The Standard e-Paper
Home To Bold Columnists
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 decision by commercial banks to raise penalties charged to loan defaulters was premature and required more discussions with stakeholders before tougher sanctions were introduced.
As it stands now, defaulters will pay between 15 and 20 per cent on the outstanding amount, up from about six per cent in some banks.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join