Imperial Bank sale raises hopes for big depositors

Imperial Bank depositors protest at the lender’s headquarters on Westlands Road in Nairobi last October. FILE PHOTO | NMG

The impending sale of collapsed Imperial Bank has raised hopes for big depositors who stood to lose billions of shillings had the lender gone into liquidation.

Imperial Bank was reported to have been holding more than Sh80 billion in customer deposits at the time of its collapse in 2015.

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