Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Top banks hold Sh5.7trn assets as loans collateral
Kenya Bankers Association Acting General CEO Raimond Molenje speaks during the Launch of the Chora Plan financial literacy campaign on June 11, 2024 at the Serena Hotel in Nairobi.
Kenya’s top nine banks were holding collateral or security for loans worth a staggering Sh5.7 trillion in December, exposing borrowers to huge losses in case of default.
The nine listed banks, including KCB Group, Equity Holdings, Co-operative Bank and NCBA Group, have grown collateral sitting on their books from Sh5.1 trillion in 2024.
