Home Business Property auctions help banks recover Sh25bn

Property auctions help banks recover Sh25bn

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Business Daily | by Patrick Alushula


The size of defaulted bank loans dropped by Sh25.9 billion in the four months to June on increased property auctions and repayment of non-performing debt.

Latest Central Bank of Kenya (CBK) data show that the non-performing loans (NPLs) dropped to Sh418.3 billion in June from a peak of Sh442.2 billion in February, offering reprieve to lenders…

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