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Imperial Bank depositors have been thrown into confusion after the Central Bank of Kenya (CBK) and shareholders read the court ruling on the bank’s assets and liabilities differently.
Shareholders say the November 4 ruling has given the bank a chance of survival, stopping the regulator from transferring its assets, but CBK, which is moving to effect the ruling, insists the Kenya Deposit Insurance Corporation (KDIC) should pursue options of paying up depositors.
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