he bank had 10 branches in Nairobi, Kisumu and Mombasa. Eight of these branches were located at branches of the erstwhile Nakumatt Supermarket...
The lender was placed under receivership in October 2015 with KDIC assuming control of the assets, liabilities, business and affairs of the bank
This follows the Central Bank of Kenya’s approval of the transfer of selected assets and liabilities of the lender to SBM Bank Kenya
Insurer says current flat rate premium model will be reviewed to a risk-based premium model to instil market discipline and safeguard depositors