We don’t know what we have been offered, say Imperial depositorImperial Bank head office at westlands. On Friday, KCB Group gave a new offer to acquire the ailing lender’s assets and clear deposits held in Imperial Bank. SEE ALSO :Haji: Mwilu had ‘bonded’ with Imperial bank bossHowever, depositors of Imperial Bank said they want to know what they were being paid. Instead, we are being informed that we will get 100 per cent of the final binding offer,” said IBL Depositors Lobby Group in a letter to the CBK Governor Patrick Njoroge. In the Friday statement, CBK said said the accepted final offer includes a further recovery of 19.7 per cent of eligible depositor balances remaining at Imperial Bank.

Source: Standard Digital April 08, 2019 21:05 UTC