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

Banks build Sh31b war chest for bad loans amid living cost crisis

Vocalize Pre-Player Loader

Audio By Vocalize

Kenya's biggest banks have collectively set aside Sh30.9 billion for loan losses in the last six months as concerns about an economic slowdown in the country and higher defaults among businesses and individual borrowers mount.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
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
Financial Standard
Families feel the pinch as war-hit diaspora remittances shrink
Business
Mbadi names Adan Mohamed as new KRA chief
Business
Kenya to host green hydrogen symposium as country positions for the global stage
Business
Kingdom Bank deepens MSME push with Industrial Area branch