KCB Bank Kenya has placed Showcase Properties Limited under receivership effective November 18, 2025, following the default of a loan of an undisclosed amount.
The lender appointed Dhir Kamal Bhatt of Anant Bhatt LLP as the Receiver and Manager of Showcase Properties Limited. The troubled company issued a notice to all stakeholders indicating that, following the appointment, the affairs and business of the company will now be directed exclusively by the Receiver.
“The powers of the Receiver extend to all assets and undertakings of the company. Only the Receiver and his representatives are authorised to deal with the assets of the company,” Showcase Properties Limited said in the notice.
As a result, the company’s directors have been stripped of all authority to manage or transact on behalf of the business.
Showcase Properties Limited’s receivership by KCB Bank comes at a time when the lender is intensifying efforts to recover bad loans. The company now joins several other firms placed under receivership by the bank in 2025, including Diamond Industries Limited, Elson Plastics of Kenya Limited, and Korara Highlands Tea Limited, among others.
Mapping KCB Bank Non-performing Loan Stock
In the first nine months ended September 2025, KCB Bank Kenya’s gross non-performing loans rose sharply by 20.7% to KES 201.3 billion, up from KES 166.7 billion in September 2024. The NPL ratio stood at 21.7%, compared to 20.5% in Q3 2024, highlighting rising credit risk within the lender’s loan book. Group-wide, the stock of non-performing loans closed Q3 2025 at KES 222.1B, representing a growth of 3.1% relative to Q3 2024. The Group’s NPL ratio stood at 17.8%, which is an improvement from 18.5% in Q3 2024, and the target is to close 2025 with a NPL ratio ranging from 14% – 16%.
Also Read: KCB Group Records Steady KES 47.3 Billion Profit as Strategic Cost Cuts Strengthen Earnings
