The size of defaulted loans in September dropped by the largest monthly margin in 15 years on increased property auctions, repayment of non-performing debt and bad credit write-offs.
Central Bank of Kenya (CBK) data shows that non-performing loans shrank by Sh13.2 billion between August and September to Sh491.8 billion, retreating below the half-a-trillion mark that had been crossed for the first time in June due to large corporate defaults.
