The volume of bad loans last reached this level in May 2009 when it stood at Sh69 billion. Photo/FILE
What you need to know:
Rise attributed to high interest rates and jitters over the last general election
NPLs now constitute 5.3 per cent of sector’s total loan book of Sh1.45 trillion
Kenya’s non-performing loans touched a five-year high at the end of June, pushed by high interest rates and uncertainty surrounding the last general election.
Data released by the Central Bank on Monday shows loans that have not been repaid for at least three consecutive months rose by 10 per cent to Sh77.3 billion in second quarter of the year, from Sh70.3 billion recorded in March.
