×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Central Bank of Kenya assures depositors as Imperial Bank woes spark panic

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902