Fears over new land laws keep banks off property assets, says CBK report

Fear that the new land laws would change rights of ownership kept off commercial banks from lending to property developers and land buyers

Wednesday August 29 2012

Customers in a banking hall. CBK further points out that credit application for building and construction dropped from 800 in March to 428 in June 2012. Photo/FILE

Customers in a banking hall. CBK further points out that credit application for building and construction dropped from 800 in March to 428 in June 2012. Photo/FILE 

By MUTHOKI MUMO [email protected]
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