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Imperial Bank depositors to get Sh2 billion
Imperial Bank depositors protest after the bank was put under receivership. The depositors will now have to wait longer for their payment after a Mombasa tycoon, Ashok Doshi, obtained orders blocking any payments pending the determination of his petition. FILE PHOTO | NMG
The depositors of the collapsed Imperial Bank are set to receive an estimated Sh2 billion which represents the first payment of insured deposits by the Kenya Deposit Insurance Corporation (KDIC).
On Monday, KDIC put out notices on the payment of protected deposits in Imperial Bank Limited (In Liquidation) as it undertakes the validation of the claims.
