2020-03-27 | 1400484618

Banking Circular No. 3 of 2020 - Implementation of Emergency Measures

The Central Bank of Kenya (CBK) issues guidance to banks on loan classification and provisioning for extended and restructured loans during the COVID-19 pandemic. The relief measures are intended to support borrowers facing economic difficulties due to the pandemic while maintaining banking system stability. Banks are instructed to assess and restructure loans for eligible borrowers, with the costs of extension and restructuring borne by the banks themselves.

Kenya

Central Bank of Kenya

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