End of Imperial Bank as CBK okays winding up

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Business Daily | by Otiato Guguyu


The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the sale of the lender’s remaining assets.

Imperial Bank collapsed six years ago with money belonging to depositors, bondholders and creditors and has been under receivership of the Kenya Deposit Insurance Corporation (KDIC).

During the six years, most of the money has been used to pay depositors, including the sale of Sh3.2 billion assets and liabilities to KCB Bank last year…

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