Home Business Bad loans balloon as top banks face tough Covid test

Bad loans balloon as top banks face tough Covid test

budget, treasury, public borrowing
Share


Nation | by Brian Ambani


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.

The lenders that have released their results for Quarter One this year have posted a total of Sh339.9 billion in bad loans…

Read more…

 


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version