Central Bank issues 48-week deadline to conclude Imperial Bank receivership

Imperial Bank depositors protest outside the bank's headquarters along Westlands Road on October 13, 2016. FILE PHOTO | NMG

The Central Bank of Kenya has set a deadline of 48 weeks to conclude the receivership of collapsed lender Imperial Bank.

CBK and the Kenya Deposit Insurance Corporation (KDIC) will start the process of selling off the bank next month, with an invitation to potential buyers to file Expressions of Interest (EOI).

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