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KDIC gets six months extension to manage troubled Imperial Bank

Central Bank of Kenya

NAIROBI: Imperial Bank Limited (IBL) has failed to pull ‘Chase Bank miracle’ forcing the receiver manager to apply for extension of his stay at the lender’s offices.

Central Bank of Kenya (CBK) has handed Kenya Deposit Insurance Corporation (KDIC) a six-month extension ahead of expiry of their initial one-year term set for Thursday next week.

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