Banks count on mediation to unlock Sh39bn tied in courts

Banks are counting on mediators to unlock up to Sh39 billion tied up in court cases to release the money back into circulation and ease the burden of fighting thousands of costly cases pending in commercial courts.

The lenders say the process presents a creative solution to resolve disputes, mostly linked to loan repayment terms, within a short period and in a cost-effective manner while preserving the relationship with customers.