WB raises concen over banks’ large NPL ratios

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People Daily | by Noel Wandera


World Bank has raised concern that the high stock of non-performing loans (NPLs) held by bank’s risks slowing down or even derailing its support for Kenya’s post-Covid-19 recovery.

The Bretton Woods institution said the financial uncertainties associated mainly with NPLs, in addition to lack of job creation and disaster management risks are of great concern, even as the institution embarks on a Country Partnership Framework (CPF) for the financial years 2022 to 2027…

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