Kenyan Wall Street | by Mwakaneno Gakweli
The Central Bank of Kenya ( CBK) announced that it has extended loan restructuring by commercial banks to cover loans that were performing as of March 2 2020, but were restructured and went into arrears.
“…borrowers whose loans were performing before March 2, 2020, but were restructured and subsequently went into arrears will have three months (up to June 3 2021) to regularize their loans,” says CBK.
The announcement comes after the end of the one year period of emergency measures instituted on March 18 and 24, 2020, to protect bank borrowers from…
