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THE STANDARD
BUSINESS NEWS
ICEA Lion Assets Management Chief Executive Einstein Kihanda, General Manager for Business Development and Client Elizabeth Irungu and Nairobi Securities Exchange CEO Geoffrey Odundo unveil ICEA s new digital unit trust portal in Nairobi yesterday. [David Gichuru, Standard]
Banks have been asked to change their attitude on lending to Small and Medium Enterprises (SMEs) in light of a new study that discredits their tag as high-risk borrowers.
New research by ICEA Lion Asset Management shows some banks have reported higher Non-Performing Loans (NPLs) from their corporate customers compared to SMEs.
According to the firm’s Economic and Investment Landscape 2021 Report, this is despite the ravages of the Covid-19 pandemic on the economy, with SMEs as some of the hardest hit.