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.
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...
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...
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...
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.
A major turning point in the road network in Kenya. Since May, as he announced the National Transpor and Safety Authority (NTSA) of Kenya, a driver's license is going digital.