Banks stuck with Sh330bn of Covid-19 restructured loans

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The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

Commercial banks are still holding Sh330.9 billion worth of restructured loans on their books nearly two years since Covid-19 relief measures, which allowed for renegotiation of payment terms expired.

The Central Bank of Kenya (CBK) monetary policy report for December 2022 shows that by the end of last year, the outstanding amount of restructured loans accounted for nine percent of the sector's loan book.

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