CRB listing freeze ends as loan defaults jump

CBK Governor Patrick Njoroge. FILE PHOTO | NMG

The six-month freeze on listing loan defaulters with credit reference bureaus (CRBs) ends on Wednesday, paving the way for blacklisting of thousands of borrowers if the moratorium is not extended.

The Central Bank of Kenya (CBK) announced the suspension of CRB listing for loans that were defaulted from April 1 and the relief from blacklisting lasted for six months up to September 30.

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