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Regulator says sale of Imperial to KCB almost done deal

Imperial Bank head office in Nairobi’s Westlands. Depositors have been unable to access their money since October 2015 when the lender went into receivership. [File, Standard]

The sale of Imperial Bank assets to Kenya Commercial Bank (KCB) has entered the homestretch.

According to a communication to depositors from their representatives earlier this week after meeting Central Bank Governor Dr Patrick Njoroge, talks with a view to reaching a final deal soon are ongoing behind closed doors.

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