KCB will commence the payment of ksh 3.2 billion to Imperial Bank (In Receivership) depositors from June 2, 2020 over a period of four (4) years.
This follows after Friday approval by the Central Bank of Kenya (CBK) to allow KCB to acquire some Imperial Bank assets worth ksh 3.2 billion and a subsequent liabilities worth ksh 3.2 billion.
Imperial Bank was have been in Receivership since October 2015 following poor conducting of business.
Details of how the depositors will get their money will be communicated later by Kenya Deposit Insurance Corporation (KDIC) and Kenya Commercial Bank (KCB).
Advertisements
Write a comment
Post a Comment
Loans Kenya Blog admin will never approve abusive or inciteful comments. In addition, avoid including sensitive or private personal information in your comments for your own online safety.