Banks extend relief as loan restructures hit Ksh.844B

Commercial banks have continued to extend relief to borrowers with loan restructures to cushion against the pandemic hitting Ksh.844.4 billion in June.

The improvement of restructured loans from Ksh. 679.6billion in May is in line with the Central Bank of Kenya (CBK) emergency measures announced in Mid-March to shield borrowers from the economic turmoil arising from COVID-19.

Banks have restructured household loans amounting to Ksh. 240billion or an equivalent 30 percent of all loans in this sector while restructured loans to other sectors have now hit Ksh.604.4 billion. Read more

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