Defaults on personal loans fell Sh2 billion in six months after the suspension of listing with credit reference bureaus (CRBs) ended, partly signalling a slowdown in corporate layoffs from the last quarter of 2020.
Non-performing loans (NPLs) among households, largely secured on strength of payslips, dropped to Sh71.5 billion in March 2021 from a peak of Sh73.5 billion last September following an eight-month job shedding streak, latest Central Bank of Kenya statistics show.
