Central Bank of Kenya (CBK) has announced that it has shortlisted investors interested in taking over Imperial Bank from the three investors who answered the call that closed on September 20, 2017.
The banking sector regulator announcement came hours after this news site published a story marking the second anniversary of Imperial Bank depositors suffering since the bank was placed under receivership following the discovery of a Sh38 billion fraud. (Click here for the second anniversary story)
In a press release issued at 2.30 PM, CBK said it has now invited the shortlisted investors to submit their formal proposals by January 15, 2018.
“Shortlisted Investors will be granted access to a comprehensive confidential data room that will allow them to develop a formal proposal for IBLR, after completion of appropriate confidentiality agreements,” said the regulator in the press release issued at 2.30 PM.
CBK said the shortlisted investors will be granted access to a comprehensive confidential data room that will allow them to develop a formal proposal after completion of appropriate confidentiality agreements.
Imperial Bank and Chase Bank have been under receivership since the last quarter of 2015.
Four days ago the banking sector regulator announced that State Bank of Mauritius (SBM) had expressed interest in taken over some assets and liabilities of Chase Bank.