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Banks Go on Auction Frenzy as Kenya’s Bad Loans Soar Past Sh700 Billion

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Kenyan banks have ramped up auctions of repossessed assets as non-performing loans (NPLs) surge past Sh700 billion, hitting a 17.2% share of all outstanding loans—the highest in over a decade. The record-breaking wave of bad loans is largely driven by economic turbulence, delayed government payments, and down.......

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