Kenya: Joshua Oigara Plays Down Rise of KCB Bad Loans

KCB has played down a Sh7 billion jump in non-performing loans in its books during the first quarter of the year, saying affected customers would pay up by next month.

KCB Group chief executive Joshua Oigara linked the increase mainly to two of its clients who supply both the national and county governments, but added that the challenge was synonymous with all banks in every first quarter of the year.

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