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General Category => Africa => kenya => Topic started by: Akeyo on July 20, 2024, 02:54:19 AM

Title: Home loans defaults hit record Sh40bn on interest rates rise
Post by: Akeyo on July 20, 2024, 02:54:19 AM

Home loans defaults hit record Sh40bn on interest rates rise

Newly released CBK data shows that there was an eight percent or Sh3 billion increase in the value of bad loans for mortgage lenders last year, which capped a tough two years for the segment.
Source: Home loans defaults hit record Sh40bn on interest rates rise (https://www.businessdailyafrica.com/bd/markets/real-estate/home-loans-defaults-hit-record-sh40bn-on-interest-rates-rise-4695130)