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CBK seeks improved Imperial Bank offer

Imperial Bank head office at westlands. [PHOTO:BEVERLYNE MUSILI]

Kenya Commercial Bank is being persuaded to improve its offer in its quest to acquire Imperial Bank’s assets, according to the Central Bank of Kenya (CBK).

CBK Governor Patrick Njoroge yesterday said the regulator and Kenya’s biggest lender by assets were still in negotiations, trying to crack a deal that would end a three-year wait by depositors to access their cash. 

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