The value of loans classified as lost, doubtful and substandard increased by 16.5 percent to Sh314.6 billion in 2018 from Sh270 billion a year earlier, highlighting the daily struggle of Kenyans navigating the tough economic times.
The value of loans classified as lost rose fastest by 45 percent from Sh42.3 billion in 2017 to Sh61.2 billion last year. Lost loans are debts which have generally remained unserviced for 360 days or more after due date.
