• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Thursday, September 18, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

CBK Extends Loan Term Repayment by 3 Months

Investor Watch by Investor Watch
in Business News
Reading Time: 2 mins read
A A
0
CBK Central Bank of Kenya

The Central Bank of Kenya headquarters in Nairobi.

Share on FacebookShare on Twitter

The Central Bank of Kenya (CBK) on Tuesday announced the extension of the loan repayment measures put in place for bank customers whose loans were performing before 2nd March 2020, which had lapsed earlier in the month for another three months to 3rd June 2021.

RELATED POSTS

Approach of AGOA`s Deadline Scales Up Pressure on African Countries.

Technology AI Is Cutting Down Banking Job Opportunities by about 54% Globally.

Banks Pump KES 153 Billion into MSMEs, Exceeding Annual Target

This means, lenders have until then to regularize their loan repayments following the expiry of a one-year window through which the lenders had extended and restructured the loan repayments for customers adversely impacted by Covid-19 pandemic.

The move by the Central Bank of Kenya (CBK) follows expiry of the one year loan repayment period granted bv the regulator on borrowers which elapsed on 2nd March 2021.

“Specifically, banks will from March 3, 2021, asses the performance of all restructured loans that were performing before March 2, 2021. The period for determining the performance of all restructured loans will begin on March 2,2020 but went into arrears after that date,” CBK stated.

According to the central bank of Kenya, total loans restructured since March 2020 amounted to Kes. 1.7 trillion by the end of February 2021 accounting for 57% of the banking sector gross loans.

However, the resumption of repayments and some pay-off, the regulator says outstanding restructured loans as at the end of February amounted to Kes. 569.3 billion or 19% of total gross loans.

“Over 95% of the outstanding restructured loans are being repaid in accordance with the restructured terms.”

CBK Moratoriums

CBK introduced emergency loan restructuring measures in March last year to cushion borrowers from adverse effects on COVID-19 pandemic and ease pressure of meeting their loan obligations with their banks.

Buy JNews
ADVERTISEMENT

CBK says the measures which saw banks extend repayment period for loans performing before the pandemic struck, issuance of moratorium on principal or interest and waiver on interest fees helped mitigate job losses while helping borrowers and lenders navigate through the pandemic.

In January this year, the bank re-introduced charges on mobile money transactions of up to Kes 1, 000 ($9.17) by allowing Payment Service Providers (PSPs) to propose pricing structures for mobile money transactions save for person-to-person transfers of up to Kes 100 ($0.91) to any customer and network.

The bank, however, maintained that there will be no charges for transfers between mobile money wallets and bank accounts while the wallet and transactions limits will remain in force

Post Views: 1,058
Tags: Central Bank of KenyaKenya Bankers AssociationPatrick Njorogespotlight
Previous Post

Wall Street Tumbles on Yellen Statements; Nasdaq Down 1.12%

Next Post

Oil Prices Flat around $60 as Lockdowns Slows Demand.

Investor Watch

Investor Watch

Related Posts

Approach of AGOA`s Deadline Scales Up Pressure on African Countries.
Business News

Approach of AGOA`s Deadline Scales Up Pressure on African Countries.

by Ruth Nelima
Technology AI is reducing job opporrunities in bank through automation of processes and is therefore said to rduce between 200,000 jobs globally within 3 to 5 years
Business News

Technology AI Is Cutting Down Banking Job Opportunities by about 54% Globally.

by Winfred Wanja
MSMEs
Business News

Banks Pump KES 153 Billion into MSMEs, Exceeding Annual Target

by Ivan Lewa
Government Draws Out Fuel Relief.
Business News

Government Draws Out Fuel Relief.

by Ruth Nelima
Next Post
Crude Oil Prices

Oil Prices Flat around $60 as Lockdowns Slows Demand.

Asia Trader

Asian Pacific Stocks Edge Lower as Hang Seng Index Falls.

Absa

Absa Bank Kenya Posts Normalised Net Profit of Kes 6.5 Billion for Full Year 2020

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,260)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,363)
  • Hilda Njeru Takes over at CDSC (2,235)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (2,184)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,955)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Jakarta Stock Exchange Kenya Bankers Association Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Approach of AGOA`s Deadline Scales Up Pressure on African Countries.

Approach of AGOA`s Deadline Scales Up Pressure on African Countries.

Technology AI is reducing job opporrunities in bank through automation of processes and is therefore said to rduce between 200,000 jobs globally within 3 to 5 years

Technology AI Is Cutting Down Banking Job Opportunities by about 54% Globally.

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
TSLA 
$428.70  0.67%  
GME 
$26.30  0.77%  
MSFT 
$509.92  0.02%  
AAPL 
$237.78  0.51%  
AMC 
$2.81  0.24%  
ABNB 
$124.72  1.23%  
GOOGL 
$253.08  1.42%  
AMZN 
$230.86  0.33%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

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