Lenders continue to restructure their clients’ loans with amounts that have received relief doubling in about a month. According to the National Treasury, banks have restructured loans amounting to Sh360 billion. This includes Sh190 billion in personal loans. “The bank provided loan repayment holidays to both individuals, Small and Medium-Sized Enterprises (SMEs) and corporations. We have restructured loans worth over Sh31 billion,” said Maurice Matumo, head of Personal and Business Banking, Stanbic Bank Kenya.

Source: Standard Digital June 13, 2020 17:21 UTC