Home Business Absa breaches lending law in Sh18.8bn loan to EABL

Absa breaches lending law in Sh18.8bn loan to EABL

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Business Daily | by Victor Juma


Absa Bank Kenya has lent East African Breweries Limited (EABL) a total of Sh18.8 billion, breaching the limits placed on lending to a single borrower.

The bank had a core capital of Sh46.3 billion as of June, meaning that it should not have lent more than Sh11.5 billion to one entity…

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