Looming pain for borrowers as loan relief ends

CBK governor Patrick Njoroge. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has said that March 2 marked the end of the period for allowing banks to restructure loans for borrowers hit by the Covid-19 pandemic.

Policymakers unveiled the initiative to help distressed borrowers in March last year at the onset of the coronavirus crisis, helping to partly cushion the economy reeling from the pandemic impact.

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