Absa issued a 90-day statutory notice on May 12, 2025. The notice demanded immediate payment of the entire loan balance of Sh79.9 million.
By
Joseph Wangui
Correspondent
Nation Media Group
The High Court has temporarily blocked Absa Bank Kenya from auctioning a set of commercial properties tied to a Sh80 million loan due in 2039 after the borrower missed a single payment instalment.
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land back - The Economic Times
Absa faces major investor backlash after awarding new CEO a $9 million pay package to leave rival Standard Bank
Banks to step up loans recovery crackdown as NPLs climb in Q1
Why bondholders rejected Addis’ $1bn debt repayment plan
Courtroom brawl opens up over future of Sydney’s Halo tower
The Court of Appeal ruled that any loss suffered by Cytonn could be compensated through damages, clearing the way for SBM Bank's…
Mr Nyanja wants the land's auction annulled and the ownership reverted to him, although the Court of Appeal recently ruled that…
Rs 4 crore loan default led to auction of borrower’s pledged lands, but borrower wins after repayment as auction buyer delayed…
South Africa’s commercial capital and Africa’s richest city, Johannesburg, is facing rising pressure over its worsening financial…
A petition has been filed at the High Court seeking to stop commercial banks from unilaterally increasing interest rates, default…
In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere…
