CBK and KDIC presented a proposal to the shareholdes that would enable reopening of the bank and a resumption of operations. It requires the injection of new capital, conversion of some of the large deposits to equity, recovery and collateralization of the fraudulent loans, as well as a change of Board of directors and senior management to ensure that depositors get full access to their deposits,and a structured schedule of repayment to large depositors. More details are available in the press release which is accessible in the link below.

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KDIC Update Regarding Shareholders HOT

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2016-02-15
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