×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Banks stuck with property as auctions shackled by Covid-19

Distressed borrowers are emerging as the unlikely beneficiaries of the Covid-19 pandemic as lenders have been restricted from disposing of their property.

Since March when the virus was reported in Kenya, there have been no foreclosures while all the properties lined up for sale had been distressed way before the pandemic.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in