• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, February 27, 2021
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Absa Bank Kenya Announces Restructuring of Loans Amounting to Ksh 54 Billion

Business ReporterbyBusiness Reporter
June 14, 2020
in Kenyan News
Reading Time: 1 min
Absa Kenya Commits to Continue Supporting SMEs

Jeremy Awori - MD- Absa Kenya Plc


Absa Bank Kenya has announced that it has restructured over 50,000 loan facilities amounting to over Ksh 54 billion.

In a statement, the bank says loan relief programme covers all types of credit types including personal loans, mortgages, asset financing and business loans among others. Under this programme, customers qualify for an initial relief of up to three (3) months which can be further reviewed on a case by case basis.

More than 90% of the restructured loans are in the personal and small business segments with the remainder split between mid-sized companies and large corporates.

ADVERTISEMENT

The bank further adds that during the repayment holiday, interest will continue to accrue on and the customer’s loan repayment period is extended to accommodate the relief.



Hisa App
Previous Post

IMF Grants Tanzania a $14.3M Debt Relief

Next Post

Kenya Budget 2020/21; More Taxes

Related Posts

KenGen Delays Release of Financial Results

Kengen’s Half-year Net Profit Dips by 38% to KSh5 Billion

February 26, 2021
Unga

Unga Group Plc Half-year Earnings drop 44.8% to KSh 83.5 Million

February 26, 2021

French Group, EDF Acquires Stakes in 2 Kenyan Energy Companies

February 26, 2021

CBK Collects KSh 26.7 Billion from Weekly T-Bills Auction

February 26, 2021

Kenya Power Posts KSh593 Million Drop in Half-Year Revenue

February 26, 2021

Portland Cement Posts KSh1 Billion Half-Year Net Loss

February 25, 2021

Nation Media Group Shares Rally on Share Buyback Announcement

February 25, 2021

Wealth Report Shows Population of Wealthy Kenyans Dropped by 22% in 2020

February 25, 2021
Load More
Next Post
Kenya Budget 2020/21; More Taxes

Kenya Budget 2020/21; More Taxes

Follow Us

  • 7.1k Fans
  • 113.3k Followers
  • 2.3k Subscribers
  • 453 Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

Gamestop

Can the Gamestop Situation Happen in Kenya?

February 21, 2021
Hisa App

Announcing Hisa App Public Beta Launch

February 20, 2021
Absa Kenya CEO Jeremy Awori

Absa Marks One Year Since Transition, Commits KSh1.6 Billion into Digital Products

February 11, 2021
NSE Derivatives

How To Make Money Trading Derivatives In Kenya

February 9, 2021
Leila Fourie, JSE Group CEO

‘’Markets Recovery Don’t Imply Economic Recovery,’’ Leila Fourie, CEO Johannesburg Stock Exchange

December 31, 2020

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Global Markets
    • Healthcare
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?