Bad loans balloon as top banks face tough Covid test

bad loans

CBK is betting on lenders’ reforms such as digitisation and diversification of their portfolio  for turnaround this year.

Photo credit: Shutterstock

Bad loans for Kenya’s top nine banks by assets have increased by Sh82.5 billion in the full-year period between March last year and March this year, highlighting how Covid-19 has been devastating to local banks.


You're all set to enjoy unlimited Prime content.