East Africa: Banks Raise Bad Loans Provision to Cushion Distressed Clients

East Africa: Banks Raise Bad Loans Provision to Cushion Distressed Clients

Covid-19 pandemic has seen the world confront its biggest health crisis this century, posing one of the most disruptive periods to businesses, forcing banks to empathise with clients’ lost livelihoods and businesses by easing off on loan payment demands Top East African banks increased provisions for bad debts by over $736 million last year (2020) […]

East Africa: Banks Raise Bad Loans Provision to Cushion Distressed Clients

East Africa: Banks Raise Bad Loans Provision to Cushion Distressed Clients

Covid-19 pandemic has seen the world confront its biggest health crisis this century, posing one of the most disruptive periods to businesses, forcing banks to empathise with clients’ lost livelihoods and businesses by easing off on loan payment demands Top East African banks increased provisions for bad debts by over $736 million last year (2020) […]

East Africa banks’ dilemma over dividend payout

East Africa banks’ dilemma over dividend payout

East Africa banks have been advised to maintain adequate capital buffers to remain resilient through the coronavirus pandemic. PHOTO | SHUTTERSTOCK Banks in the region are faced with a delicate balancing act of paying dividends to shareholders and preserving capital to withstand the economic shocks occasioned by the Covid-19 pandemic. Regional central banks have advised […]

East Africa Banks' Dilemma Over Dividend Payout

East Africa Banks’ Dilemma Over Dividend Payout

Banks in the region are faced with a delicate balancing act of paying dividends to shareholders and preserving capital to withstand the economic shocks occasioned by the Covid-19 pandemic. Regional central banks have advised lenders to maintain adequate capital buffers to remain resilient through the coronavirus crisis. The Kenya Bankers Association (KBA) said banks are […]