The high court has granted a 12-month extension of the receivership of Imperial Bank Limited.
Central Bank of Kenya (CBK) and Kenya Deposit Insurance Corporation (KDIC) after the two institutions agreed to provide the bank’s depositors, shareholders and bond holders with information on the state of affairs of the bank.
The extension orders will allow CBK and KDIC to get bids from investors interested in taking over the bank paving the way for its reopening.
CBK says it’s open to investors who are willing to bring the bank back on its feet.
“We are not removing any option from the table, we are looking at investors who are keen to offer rapid recovery of your deposits, we will do everything in our power to accelerate the process that has taken too long due to the court processes, we urge you to support us,” CBK Governor Patrick Njoroge noted.