Defaults on personal loans fall Sh2bn on CRBs return

central bank of kenya cbk


Business Daily | by Constand Munda


Defaults on personal loans fell Sh2 billion in six months after the suspension of listing with credit reference bureaus (CRBs) ended, partly signalling a slowdown in corporate layoffs from the last quarter of 2020.

Non-performing loans (NPLs) among households, largely secured on strength of payslips, dropped to Sh71.5 billion in March 2021 from…

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