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KCB targets portion of Imperial Bank loan book

Kenya Deposits Insurance Corporation (KDIC) CEO Mohamud Ahmed Mohamud with KCB Group CEO Joshua Oigara addressing the press at KDCI offices. (David Njaaga, Standard)

Imperial Bank depositors will get access to a total of Sh8 billion under the proposed deal with Kenya commercial Bank.

Kenya Deposit Insurance Corporation (KDIC) Chief Executive Mohamud Mohamud said the depositors will get a further disbursement early next year when they cut a deal with KCB over Sh35 billion loan book which the latter is interested in.

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