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Imperial Bank’s head office in Westlands, Nairobi. (PHOTO: BEVERLYNE MUSILI/ STANDARD)
Panic hit the banking sector Wednesday after a list of some banks circulated on social media with claims that they could be closed a day after the collapse of Imperial Bank.
This prompted the Central Bank of Kenya (CBK) to issue a statement to calm fears of a run on commercial banks, which could have devastating outcomes for the sector.
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