Standard Chartered Bank Kenya has moved to take control of rental income from four properties linked to collapsed retailer Nakumatt Holdings as it intensifies efforts to recover more than Sh1.9 billion in unpaid loans.
StanChart has notified the retailer's holding company Nakumatt Investments Limited of its intention to appoint a receiver over income generated from properties in Nairobi, Nakuru and Mombasa after the borrower failed to clear outstanding facilities.
