CBK warns of loan rationing over CRB freeze

Central Bank of Kenya Governor Patrick Njoroge. PHOTO | SALATON NJAU | NMG

The Central Bank of Kenya (CBK) has warned that commercial banks could restart rationing loans following the suspension of blacklisting of defaulters with Sh5 million loans and below.

The caution came even as the banking regulator gave the nod to the moratorium on negative listing of borrowers with loans below Sh5 million with credit reference bureaus (CRBs) for a year, cutting credit information in the banking sector.

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