receivership
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...
BT Reporter1 Mins read
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...
BT Reporter1 Mins read
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...
BT Reporter2 Mins read
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...
FRANCIS MULI1 Mins read
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
BUSINESS TODAY1 Mins read
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...
BT Correspondent1 Mins read
