Billion-Shilling Battle: Top Banks Prepare for Massive Loan Default Wave
Kenya’s largest banks have significantly strengthened their financial positions, allocating Sh298.1 billion to cover potential loan losses. This substantial provision was made during the first nine months of the year, reflecting proactive risk management.Pelumi Ilesanmi • Across Africa • 7 months ago • 1 minute read •
Kenya’s largest banks have fortified their financial defences, setting aside a massive Sh298.1 billion to cover potential loan losses in the first nine months of the year.
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