×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902