Kenyan Banks Face Ksh78.7bn Exposure to State-Owned Firms’ Non-Guaranteed Debt

• Standard Chartered, KCB and Stanbic account for bulk of loans
• Treasury warns against fresh borrowing by defaulting parastatals

Nairobi, Kenya – Commercial banks’ exposure to Kenya’s non-guaranteed public debt has reached Ksh78.7 billion ($608.2 million), with top lenders including Standard Chartered Bank, KCB, and Stanbic Bank collectively owed more than half of the total amount.