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Kenya to extend Imperial Bank receivership.

Global Banking News-June 23, 2017--Kenya to extend Imperial Bank receivership

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Global Banking News - 23 June 2017

The Kenyan central bank has said that it is to extend Imperial Bank's receivership.

According to Reuters, the apex bank said that it would extend the receivership by a year. This is intended to help the bank to finalise a deal with a strategic investor in the bank.

The firm was put into receivership in October 2015 for suspected malpractices.

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Publication:Global Banking News (GBN)
Date:Jun 23, 2017
Words:105
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