Business Daily | by Kevin Rotich
The Kenyan subsidiary of KCB Group has been authorised to take over part of the liabilities and assets of the collapsed Imperial Bank, including Sh31,7 billion worth of deposits.
In a Kenya Gazette notice dated September 8, 2020, the Competition Authority of Kenya said it approved the transfer of the assets and liabilities.
“The Competition Authority has authorised the proposed transaction which entails the transfer of various listed assets, including outstanding deposit balance amounting to Sh31.7 billion, loans and…
