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Headline : Bank staff tap insider loans faster than ordinary borrowers

Read more from the original article on here at www.businessdailyafrica.com.





Tags : #bank #staff #tap #insider #loans #faster #than #ordinary #borrowers


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Employees of top banks tapped new loans at a faster pace than directors and other borrowers in the half year ended June 2024, an analysis has shown, as friendly borrowing rates shielded them from 18-year high market rates.

An analysis of the financial results of the country’s nine largest banks shows that the staff loan book grew by 5.44 percent or Sh4.47 billion to Sh86.58 billion in period under review, recovering from a 1.8 percent decline in the preceding similar period last year.

Read more from the original article on here at www.businessdailyafrica.com.


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