By LYNET IGADWAHMore by this AuthorDepositors at Imperial Bank will in a month’s time know what percentage of their resources they can access when KCB Group concludes due diligence on the collapsed lender. Central Bank of Kenya governor Patrick Njoroge told Parliament Tuesday KCB is expected to finalise carrying its assessment of the collapsed lender by end of March. The Kenya Tea Development Agency (KTDA), one of the biggest depositors at Imperial Bank, in October moved to court seeking access to information on discussions between the CBK and KCB. KCB intends to acquire prime Imperial Bank branches following a takeover of the collapsed lender’s loan book. Imperial Bank had 27 outlets across the country when it went under.

Source: Daily Nation February 26, 2019 18:33 UTC