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Kenya’s Biggest Bank Chases Down Defaulters to Stem Loan Losses

  • KCB seeking to recoup debt after takeover of struggling NBK
  • CEO wants to cut NPL ratio to 8% from 12% a year after deal

KCB Group Plc is pursuing defaulters as Kenya’s biggest lender combines recently purchased National Bank of Kenya Ltd. into its operations.

“You’ll see more actions, more demand letters going after our customers” who aren’t repaying loans, KCB Chief Executive Officer Joshua Oigara said on the sidelines of a conference in Nairobi last week. “Next year is the real recovery period for the loans we have for NBK.”