KCB Group is targeting a complete takeover of Imperial Bank by March, it announced yesterday. The expected comprehensive offer from KCB which won the bid for the collapsed lender in July will give account holders a higher access to their money. Imperial Bank should expect a comprehensive offer from us in March,’’ Ogaira said. He said that KCB will absorb some Imperial Bank branches and employees. Last Wednesday, the Central Bank of Kenya and KDIC announced that Imperial Bank depositors will access 12.7 per cent of their balances within 14 days.

Source: The Star December 20, 2018 20:15 UTC