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More trouble for struggling Kenyans as CRB listing resumes thanks to CBK Governor PATRICK NJOROGE – Loan defaulters are now officially on notice

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This is after a three month grace period for blacklisting borrowers of unpaid credit expired. 

On October 1, 2020, CBK lifted the six-month freeze for listing defaulters who were cushioned during the Covid-19 pandemic. 

However, it directed banks to assess the performance of all loans that were active before April 1, 2020. 

Defaulters with loans that were performing before April 1, 2020, but went into arrears were asked to regularise loans by the end of December 2020 before being listed with CRB.

Monday, January 4, 2021 – The Central Bank of Kenya (CBK) has issued the green light to banks to resume listing loan defaulters with the Credit Reference Bureaus (CRB). 

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