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Manufacturing bucks bad loans trend as banks battle defaults
Banking insiders have argued that the improvement in NPLs for manufacturing is not because activities in that sector have rebounded, but shows that it probably absorbed impairment pain earlier.
Manufacturing bucked a trend of ballooning bad loans in the banking sector in the year ended June 2025, becoming the only major segment in the credit market with improving loan quality.
Non-performing loans (NPLs) in the manufacturing sector dropped 4.5 percent to Sh123.7 billion at the end of June from Sh129.5 billion a year earlier, an analysis of latest Central Bank of Kenya (CBK) report on banking sector asset quality trends show.
