KCB is set to auction 67 cars so as to offset deficit caused by non-performing loans
634 views · Published 17 January 2018 · 0:39 · Indexed 29 September 2026
Channel: KTN News Kenya · 2018 · News & Politics
The Kenya commercial bank is set to auction at least 67 cars as the banks looks to place a lid on rising non performing loans. In ad in the dailies the bank has put out a bid where the listed vehicles are set to be sold. With SME's and many Kenyans sagging under a tight economic environment some customers have defaulted on loans forcing financial institutions to auction assets to recover accruing debt. From the sale of the 67 vehicles KCB is set to net over 125 million shillings. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/ Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
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