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Kenya: No Relief Yet for Imperial Bank's Large Depositors in Kenya
East African, 5 December 2015
The fate of Imperial Bank's large depositors, whose accounts hold about $880 million, still hangs in the balance after the Central Bank of Kenya announced a deal that would enable… Read more »
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Kenya: Small Banks Feel Pinch of Imperial's Closure
The Star, 19 October 2015
Last week's surprise placement of mid-tier Imperial Bank under statutory management has send shivers down the spine of some bottom-tier lenders. Read more »
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Uganda: Imperial Bank's Financial Woes
Independent (Kampala), 26 October 2015
From the outside, everything looked cool and calm at the Imperial Bank Kyaggwe Rd Branch in the quiet basement of Mukwano Mall on Oct.16 as customers trickled in and out. But the… Read more »
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Kenya: Moody's - Imperial Bank Closure to Affect Small Banks
Nation, 19 October 2015
Ratings agency Moody's has predicted a decline in market confidence towards small and midsize Kenyan banks following Central Bank's Imperial Bank closure last week. Read more »
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Kenya: Imperial Bank's Fate to Be Made Public in a Fortnight, Says Rotich
Nation, 19 October 2015
Authorities will, in a fortnight, reveal the fate of troubled Imperial Bank, which the Central Bank of Kenya (CBK) put under its management last week, the Nation has learnt. Read more »
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Kenya: Banks Feel the Heat as CBK Boss Tightens Regulations
Nation, 20 October 2015
He baffled many when he appeared before a parliamentary vetting committee and revealed that he has no property in Kenya nor a wife at the age of 54. He astounded Kenyans even… Read more »
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East Africa: Imperial Bank Woes Offer a Test for Regional Financial Integration
East African, 17 October 2015
The closure of Imperial Bank Ltd by the Central Bank of Kenya and the takeover of its subsidiary in Uganda by the Bank of Uganda, have brought to light the issue of oversight in… Read more »
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Kenya: Imperial Bank Depositors Hopeful of Lender's Healthy Financial Position
East African, 17 October 2015
As the team from the Kenya Depositors Insurance Company (KDIC) who were on Tuesday appointed receiver managers of Imperial Bank in Kenya, spent the remainder of the week combing… Read more »
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Kenya: Senate Summons Rotich Over Cash Crunch
The Star, 16 October 2015
Senators have summoned National Treasury CS Henry Rotich to appear before them in a week. Read more »
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Kenya: Is Kenya Inc Broke, or Is It Just Broken?
The Star, 16 October 2015
Earlier this week the Central Bank of Kenya announced that it had put Imperial Bank under statutory management for what the CBK described as 'unsafe business conditions at the… Read more »
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East Africa: Stocks of NSE-Listed Banks Post a Decline
East African, 17 October 2015
Barely hours after Imperial Bank was put under statutory management by Kenya's Central Bank, stocks of listed banks started recording declines at the Nairobi Securities Exchange,… Read more »
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Kenya: Kenya Showing Signs of Greece Meltdown
The Star, 15 October 2015
Is the country broke? Those of us who are observant and have platforms to discuss national issues have been raising concern about two things: Borrowing and expenditure. Read more »
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Kenya: CBK Says Banking Sector Remains Sound
The Star, 15 October 2015
The Central Bank yesterday reassured that the placement of mid-tier Imperial Bank under receivership would not affect the banking industry. Read more »
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Kenya: Association Rules Out Closure of Banks
Nation, 14 October 2015
Kenya Bankers Association has moved to quell fears that more banks could close down, following news of Imperial Bank's receivership. Read more »
No Relief for Imperial Bank's Large Depositors in Kenya
The bank was in October placed under receivership over massive fraud, with up to U.S.$380 million unaccounted for.
Kenyan Bank Association CEO Habil Olaka further said the organisation is providing appropriate support and information to the banking industry (file photo).
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Kenya: CBK Seeks to Reassure Investors of Banking Sector Stability
Nation, 14 October 2015
The Central Bank of Kenya has come out to assure investors of stability in the banking sector after local banks took a hit from Tuesday's Imperial Bank closure. Read more »
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Kenya: Kenya's Banking Sector Remains Safe, CBK Assures
Capital FM, 14 October 2015
The Central Bank of Kenya (CBK) has assured that the country's banking sector remains safe and robust even after two banks were put under receivership. Read more »
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Kenya: Social Media 'List of Banks' to Be Closed False, Says CBK
Nation, 14 October 2015
Panic has hit bank customers as a list of almost half of Kenyan banks made rounds on social media Wednesday claiming they were likely to be closed after news of Imperial Bank's… Read more »
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Kenya: CBK Places Imperial Bank Under Statutory Receivership
Capital FM, 13 October 2015
The Central Bank of Kenya has handed the management and operations of Imperial Bank Limited under the Kenya Deposit Insurance Corporation (KDIC) for twelve months. Through a… Read more »
