Sh27bn bad loan cut drives top banks profits

central bank of kenya cbk


Business Daily | by Otiato Guguyu


Top banks saved up to Sh27.2 billion in the nine months to September on lower costs of handling defaults as borrowers resumed making payments following months of a freeze.

The eight tier-one lenders reduced their loan loss provisioning costs by up to 39 percent, underlining the supernormal profits posted by most of them…

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