Kenya's six largest banks would require at least Sh190.4 billion in fresh capital if each of their top three borrowers were to default on loans, underscoring how exposed they are to corporate customers at a time when defaults are on the rise.
A stress test conducted by the Central Bank of Kenya (CBK) in May to gauge the stability of the banking sector revealed that the big banks were the most at risk if top borrowers defaulted, with the six largest lenders carrying 86.3 percent of the total industry exposure.
