That gives a total of 300 billion in two months. Most definitely the figure will continue rising as the economic toll becomes apparent. Total banking NPLs by June 2019 was around 350 billion constituting about 12.4% of the loan book. Assuming there is little to no write backs from these loans come July, that would put total sector NPLs at upwards of 650 billion or approximately 22% of the loan book(asssuming little to insignificant new loans were made in the intervening period).

Before the pandemic hit my estimate was a peak of 18-20% of the loan book purely on the basis of economic malaise. That will surely be surpassed and then some. All time high NPLs was 33% in back in 2001. Will this level be retested? Very probable if you factor in a depreciating currency and rising interest rates. That would come in at a ballpark figure of 1 trillion worth of NPLs.

KCB figure revised upwards to 115.1bn