The wholesale and retail sector has affected the banking sector, contributing to a fifth of all loan defaults as the shaky economy took its toll on traders.
New data by the Central Bank of Kenya (CBK) shows that the segments contributed to the highest proportion of banks’ bad loans by sector at Sh143.7 billion loans as of June 2024, or 21.8 percent or all defaults compared to Sh121.9 billion at the same time last year.
