receivership

6 Articles
KCB Bank said decision to put Mumias Sugar under receivership to protect its assets and maintain operations. www.businesstoday.co.ke
FEATURED STORY

Even on its Death Bed, Mumias Sugar is Haunted by Creditors

KCB Bank Ksh 480.1 million. Other lenders include Ecobank (Ksh 1.7 billion), Commercial Bank of Africa (Ksh 364 million and French investment fund...

FEATURED STORY

How KCB plans to repay Imperial Bank depositors’ money

KCB Bank has submitted a Final Offer to the Central Bank of Kenya and Kenya Depositors Insurance Corporation (KDIC) as it gears up...

FEATURED STORY

Imperial Bank depositors to wait longer despite KCB buyout offer

CBK, KDIC say they had reached consent with KTDA to allow the receivership to continue until case it had filed in court is...

FEATURED STORY

It’s end of the Chase (Bank)?

According to CBK and KDIC, SBM’s non-binding offer represents a viable proposal for the substantial resolution of the affairs surrounding the lender, which...

FEATURED STORY

Former top Chase Bank officials nabbed over fraud

The three are Duncan Kabui (former CEO) and James Mwaura and Makarios Agumbi, who served the bank as General Managers

FEATURED STORY

Sale bid signals a bigger problem at Chase Bank

Investors interested in taking over Chase Bank have three weeks to place their bids, signalling a shortage of money to return the bank...