×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

KCB’s breakthrough as its bid to acquire Imperial Bank is accepted

The Central Bank of Kenya and Kenya Deposit Insurance Corporation have finally accepted a Binding offer from Kenya Commercial Bank to own stakes at Imperial Bank.

A statement from the KDIC released on Tuesday evening reveals that KCB has been pushing bidding offer to the two bodies to take up IBLR, which has been under receivership.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in