0
Small and medium sized enterprises (SMEs) with outstanding loans at Stanbic Bank Kenya
have been offered a three-month repayment break to cushion them against the economic disruptions caused by the coronavirus pandemic.
The offer is effective April 1, meaning that the SMEs will be required to resume repayments in July, offering reprieve to small entities at a time sales have dwindled.
Stanbic has also instructed large corporate customers to contact it for assessment and restructuring of their loans based on their respective industry circumstances.
