×
× KTN KTN News KTN Morning Express KTN Leo Leo Mashinani The Big Story Checkpoint News Center E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
Login
×
Show Swahili

KCB is set to auction 67 cars so as to offset deficit caused by 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 be sold. 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. 

.
RELATED VIDEOS