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Imperial Bank depositors start receiving cash from KCB Group

KCB Group CEO Joshua Oigara (PHOTO: FILE)

NAIROBI, KENYA: KCB Group has begun payments to remaining eligible depositors of Imperial Bank which is in receivership.

The disbursements valued at Sh3.2 billion are being paid in tranches over four years and target depositors approved by the Kenya Deposit Insurance Corporation (KDIC) -- the receiver-manager -- get partial access to their bank balances.

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