Imperial Bank Shareholders accuse CBK of Delaying Reopening

Imperial Bank Troubles

Imperial Bank Top Shareholders have released a press statement accusing CBK and Kenya Deposit Insurance Corporation of failing to follow up the proposed restructuring plan hence delaying the reopening of IBL Brand. The shareholders said further delay would derail the recovery plan.

“The plan calls for the appointment by KDIC of an independent professional firm to undertake a comprehensive due diligence into the affairs of IBL which would include ascertaining conclusively the size of the funding gap.

To our knowledge this has not been conducted so far,”