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Banks see higher defaults on personal loan
Kenyan banks expect rising dud loans in the personal and household sectors, which contrasts sharply with the expected recovery in other major sectors of the economy.
Commercial banks are expecting higher personal loan defaults as consumers continue to feel the pinch of reduced disposable income and relatively higher interest rates.
Banks expect rising dud loans in the personal and household sectors, which contrasts sharply with the expected recovery in other major sectors of the economy in the first quarter of 2025.
