Manufacturers top StanChart bad loans list

STANCHART KENYA CEO LAMIN MANJANG. FILE PHOTO | NMG

The manufacturing sector has been the biggest contributor to Standard Chartered Kenya’s #ticker:SCBK problem loans in recent years.

The sector contributed 13 per cent of StanChart’s bad loans last year, which saw the lender increase its net loan loss provision to Sh4.1 billion from Sh2.2 billion in 2016.

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Note: The results are not exact but very close to the actual.