Court extends Imperial Bank receivership

Imperial Bank depositors protest. FILE PHOTO | NMG

The High Court has allowed a request to extend Imperial Bank's receivership until a case by the Kenya Tea Development Agency (KTDA) filed is determined.

The Central Bank of Kenya (CBK) said in a statement on Thursday that the receivership period was increased by consent between CBK, Kenya Deposit Insurance Corporation (KDIC) and the KTDA and adopted by the court.

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