Relief: Absa Bank Kenya restructures loans worth KSh 57bn

ABSA BANK KENYA

Absa Bank Kenya offered loan relief and restructured loans totalling KSh 57 billion to financially distressed customers, equivalent to 28 per cent of its loan book. During the six months period ended 30th June 2020, the lender recorded an increase in net loans to customers to KSh 201.9 Billion from KSh 186.7 Billion, local media have reported. Customer assets increased by 8 per cent to KSh 186.6 Billion while holdings of Government Securities holding increasing from KSh 133.8 billion to KSh 114.0 Billion, a 17 per cent growth. The lender…

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