Imperial Bank a step closer to investor deal

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

Central Bank (CBK) and the Kenya Deposit Insurance Corporation (KDIC) say they have shortlisted investors to buy a stake in the collapsed Imperial Bank Ltd (IBL).

The three possible buyers were chosen from a shortlist of undisclosed investors who had shown interest in the bidding process between September 8 and 29.

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