Kenya’s seven largest banks in April restructured loans worth Sh176 billion or 6.2 percent of the industry’s total gross loan book of Sh2.8 trillion, underlining the economic fallout from the spread of the coronavirus that has hurt borrowers’ ability to repay.
Early indications of the impact of the crisis on the banking sector was disclosed by the Central Bank of Kenya (CBK) to the Senate Ad Hoc Committee on the Covid-19 Situation.
