StanChart restructures 6.4pc loans

A customer using a Standard Chartered Bank ATM in Nairobi. FILE PHOTO | NMG

Standard Chartered #ticker:SCBK (StanChart) has restructured Sh8 billion of loans, equivalent to about 6.47 percent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis.

StanChart also announced repayment breaks of up to three months on all loans as customers hit by cash flow hitches seek flexible terms

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