A lobby group representing a section of Imperial Bank depositors has started inviting potential investors to take up an equity stake at the troubled institution. This after the Central Bank of Kenya opened the expression of interest window last week, paving the way for potential investors to submit their bids or even propose other transaction structures for the bank that is currently under receivership. Buoyed by this announcement, the lobby group, through their Facebook and Twitter accounts, are calling on banks to consider investing in Imperial Bank promising the potential investors immense expansion and growth opportunities. He said the lobby is in the process of drafting official letters to at least 10 potential investors. Over 4,500 depositors with funds in “BILLIONS” already in the bank means you instantly get 4,500 free marketing executives for your bank.”Other similar invitations were sent to CEOs of commercial banks such as NIC Bank, Kenya Commercial Bank, Mayfair Bank, SBM Group and to international lender Societe Generale.

Source: The Star September 14, 2017 21:56 UTC