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KCB set to auction 67 cars to recover non-performing loans

17th January, 2018

The Kenya Commercial Bank is set to auction at least 67 cars as the banks looks to place a lid on rising non-performing loans.  In ad in the dailies the bank has put out a bid where the listed vehicles are set to sold on an is where is basis. With SME's and many Kenyans sagging under a tight economic environment some customers have defaulted on loans forcing financial institutions to auction assets to recover accruing debt. From the sale of the 67 vehicles KCB is set to net over 125 million shillings. 

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