Commercial banks plan to intensify credit recovery to reduce bad debts and improve their loan books, according to a report. In the survey by the Central Bank of Kenya (CBK), the banks said although none of them tightened their credit standards from January to June, debt recovery is one of their priorities in the next half of the year.
“Over 76 per cent of the respondents noted that they had focused their recovery lens on personal or household loans while 56 per cent had trained their eyes on the trade sectors,” said the CBK in a credit survey report.
