KCB Group is targeting to conclude Imperial Bank takeover by March next year. Imperial Bank should expect a comprehensive offer from us March,’’ Ogaira said. KDIC chief executive Mohamud Ahmed that IBL depositors with KCB accounts will receive the 12.7 per cent offer which adds up to Sh8 billion by December 24. "Already Sh100 million has been accredited to depositors’ KCB accounts. This will see 95 per cent of IBL depositors fully covered,’’ Mohamud said.

Source: The Star December 20, 2018 12:22 UTC