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Imperial Bank receivership extended again

Imperial Bank Head offices o at westlands PHOTO:BEVERLYNE MUSILI

Imperial Bank of Kenya shareholders and the industry regulator have another 90 days to try and resuscitate the ailing lender that has been under receivership for the past 20 months.

High Court extended the receivership period for another three months. In an emailed statement to newsrooms, Central Bank of Kenya (CBK) said the extension was also consented by shareholders and Kenya Deposit Insurance Corporation (KDIC).

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