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"Pay up": Loan recovery efforts in Kenya intensify
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"Pay up": Loan recovery efforts in Kenya intensify
Kenyan banks are intensifying loan recovery efforts as household debt stress deepens, signalling a hard turn from pandemic-era leniency. More than 30 lenders are now targeting overdue personal and household loans, a category flagged by the Central Bank of Kenya as the most likely to see more defaults this quarter. In its latest Credit Officer Survey, 33% of the 39 banks surveyed said they expect non-performing loans (NPLs) in the personal and ho…
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