KCB Group #ticker:KCB has restructured loans worth Sh80 billion in Kenya, offering reprieve to customers who found it difficult to repay their loans due to the impact of the coronavirus.
The amount is equivalent to 15 percent of KCB’s Sh535.3 billion total loan book as of December 2019. It also represents 45 percent of the total Sh176 billion loans renegotiated with the country’s top seven largest lenders including Equity Group #ticker:EQTY, Co-op Bank #ticker:COOP and NCBA Group #ticker:NCBA.
