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End of the road for Dubai Bank as winding up process kicks off

A view of Dubai Bank along Nkurumah road in Mombasa. The bank will now be liquidated as recommended by the regulator.

NAIROBI: It is end of the road for Dubai Bank after the Central Bank of Kenya (CBK) approved its liquidation.

The regulator said yesterday that the decision to order the bank’s assets liquidated, follows recommendations from the Kenya Deposit Insurance Corporation (KDIC), which was appointed receiver manager mid this month.

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