07-11-2016 by redazione
The long story of Imperial Bank Kenya seems still far from complete. The Credit Institute in receivership for more than a year, has not yet lost hope of being able to re-open its doors or otherwise fall within Financial around blending with other realities of the country.
The Court of Kenya in fact, yesterday rejected the request of the Central Bank of Kenya (CBK) and the depositor insurance fund, KDCI, to liquidate the bank considers inadequate the proposed compensation to significant creditors by the majority shareholders.
After CBK and KDCI had held up as shareholders were largely responsible for the economic collapse that had led to the closure, asking them to compensate creditors, the same shareholders and owners had reported the Central Bank, signaling some managers and employees of CBK and KDCI as accomplices of the manager AbdulMalek Janmohamed deceased in the financial fraud that led to the Imperial crack.
Now the second round saw winners shareholders, who still have time to find a satisfactory economic plan to resume activities or join a third party, to avoid having to pay that still stuck savings to customers, but can handle a plane and falls investments with them.
Among the major creditors there are also some foreigners, including many Italians in Malindi, Watamu and Mombasa.
Good news for those who still have money stuck at Imperial Bank.
The Central Bank of Kenya has issued a statement in which it announced a third reimbursement for account holders linked to the bank Imperial Kenya more than a...
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...
by Freddie del Curatolo
A year ago 57,000 savers of Kenya, including nearly two thousand Italians, Malindi, Watamu, Mombasa, Diani and Nairobi, were holding their breath to await news of the possible reopening of the Imperial Bank Kenya, whose shutters were down on 14 October.
A financial group with headquarters in the island of Mauritius and branches in India and other nations in Africa and the East, SBN Holdings, has submitted an offer for the Credit Institute Kenyan Fidelity Bank, which is also home to...
Hard times for "old mold" banks in Kenya.
The historical Barclays Bank has decided to shut down seven of its subsidiaries in the country following a new parent company policy that has long been rumored to be selling its subsidiary...
From Monday, as a result of statements made by the President of Kenya Uhuru Kenyatta, all citizens and...
Fidelity Bank Kenya, and therefore its Malindi subsidiary alongside Nakumatt, was acquired by SBM, a renowned financial group of Mauritius, with offices in many Asian and African countries. This will guarantee more solidity and experience for the bank and its customers.