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Stricken lender has been in receivership since 2015 following fraudulent deals

Imperial Bank head office at Westlands.PHOTO:BEVERLYNE MUSILI

The handling of the sale of Imperial Bank might have sucked out most of its value, leaving only a shell that would not fetch a good price.

Coupled with the precedent set by the carving out of Chase Bank’s good books by the State Bank of Mauritius, the offers made seem to have been so low that the Central Bank of Kenya (CBK) has turned down the bidders.

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