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Imperial Bank Kenya: 3 more months of receivership

Extension of 90 days to know the destiny of the bank

26-03-2017 by redazione

Three more months to learn the ultimate fate of the troubled Imperial Bank Kenya.
The Nairobi High Court has extended by 90 days the Ammistrazione controlled by the Central Bank of Kenya (CBK) under the control of the insurance fund for credit institutions (KDCI).
And 'this a "limbo" that now has lasted for half a year, ever since the bank closed sharply denouncing the doors herself an apparent fraud of the directors against the same bank.
The day after the Central Bank put into administration for the initial six months, the Imperial, which in the meantime had left high and dry over 50,000 creditors, including many residents of Malindi and Watamu and many foreign vacationers who had opened an account, even for because of succulent interests bestowed on deposits at six months and one year.
In April last year asked the CBK receivership extension and managed through a joint agreement with two other Kenyan banks, the Kenya Commercial Bank and Diamond Trust Bank, to pay all the small creditors with less than 1 million shillings in the account.
Then another million came through the NIC Bank.
Now the most delicate situation affects approximately 4,500 creditors who still have credits with Imperial Bank, in some cases millionaires (in euro).
The Imperial Bank Depositors Lobby Group wants to see clear, at this point waiting for the pre-judicial procedure was completed, in order to arrive as soon as possible to a solution.

TAGS: Imperial Bank MalindiImperial Bank WatamuFallimento Imperial BankImperial Bank Kenya

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