Home Property Car, home owners register worst loan defaults in year

Car, home owners register worst loan defaults in year

central bank of kenya cbk
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Business Daily | by Charles Mwaniki


Car, homeowners and players in the energy sector had the worst loans default last year, defying a recovering economy that expanded at the fastest pace in more than three decades.

New data from the Central Bank of Kenya (CBK) shows that the real estate sector recorded a Sh13.3 billion or 14.1 percent jump in non-performing loans (NPLs) in the period to Sh74.7billion…

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