The Standard | by Wainaina Wambu
KCB Group has begun payments to remaining eligible depositors of Imperial Bank which is in receivership.
The disbursements valued at Sh3.2 billion are being paid in tranches over four years and target depositors approved by the Kenya Deposit Insurance Corporation (KDIC) — the receiver-manager — get partial access to their bank balances.
Depositors will have cumulatively recovered 37.3 per cent of the deposits since 2015 when payments commenced, KCB said…
