Banks get CBK's nod to start blacklisting loan defaulters at CRBs

CBK Governor Patrick Njoroge. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has opted not to extend the six-month freeze for listing loan defaulters with credit reference bureaus (CRBs), paving the way for blacklisting of thousands of borrowers from today.

CBK governor Patrick Njoroge Wednesday gave the banks the green light to blacklist borrowers who have defaulted in the wake of the coronavirus economic fallout.

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