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KCB sets up special team to recover bad loans

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KCB Group CEO Paul Russo during the interview at the lender’s headquarters on February 15, 2023. PHOTO | DIANA NGILA | NMG

By  Julians Amboko

Contributor

Nation Media Group

KCB Group has set up a special team reporting directly to chief executive Paul Russo to recover billions of shillings in bad loans.

The lender is grappling with mounting concerns over its default rates which are among the highest in the banking sector.

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