Kenyan banks cut loan write-offs by Sh26 billion last year, opting instead for aggressive recoveries that triggered a wave of auctions, receiverships, and liquidations.
The aggressive credit recovery strategy, detailed in the Central Bank of Kenya’s latest Financial Stability Report, shows that banks wrote off Sh7 billion in loans in 2024, down from Sh33.3 billion the previous year — a sharp fall of 79 percent that amounts to Sh26.3 billion in savings on losses.
