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UPDATE ON THE PROCESS FOR AN INVESTOR TO SUBMIT AN EXPRESSION OF INTEREST WITH RESPECT TO IMPERIAL BANK LIMITED (IN RECEIVERSHIP) NEW

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Following the September 8, 2017 announcement inviting investors to present an initial Expression of Interest (EOI) to take an interest in Imperial Bank Limited (In Receivership) (IBLR or the Bank) or propose other transaction structures with respect to IBLR, the deadline for submission of EOIs expired on September 29, 2017. 

During this period, a total of three responses to the EOI were received.
The evaluation of the EOIs has now been completed and a shortlist of qualifying investors (Shortlisted Investors) has been identified.



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2017-10-13
101.16 KB
16

Press Release :: Chase Bank Limited (In Receivership) - Non-Binding Offer NEW

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Central Bank of Kenya (CBK) and Kenya Deposit Insurance Corporation (KDIC) announces that they have received a non-binding offer from SBM Holdings Limited (SBM) with respect to Chase Bank (Kenya) Limited (In Receivership) (CBLR), as part of the EOI process announced on March 30, 2017



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2017-10-09
182.7 KB
88

Chase Bank Limited (In Receivership) Press Release October 5 2017

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Following an application filed in the High Court by a depositor that is seeking inter alia an extension of the receivership over Chase Bank Limited (In Receivership) (CBLR), the Court has issued orders adjourning the matter to November 14, 2017, for hearing of the application. 



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2017-10-05
167.4 KB
94

Press Release - Imperial Bank - Invitation to Submit Expression of Interest

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The Central Bank of Kenya (“CBK”) together with the Kenya Deposit Insurance Corporation (“KDIC”) is inviting investors to present an initial Expression of Interest (“EOI”) to take an equity interest in Imperial Bank Limited (In Receivership)
(“IBLR” or “the Bank”) or propose other transaction structures with respect to IBLR.



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2017-09-08
258.43 KB
35

Press Release - Imperial Bank - Expression of Interest

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The Central Bank of Kenya (“CBK”) is issuing this invitation for potential investors to take an equity interest in Imperial Bank Limited (In Receivership) (“IBLR” or “the Bank”) or propose other transaction structures with respect to IBLR. CBK and the Kenya Deposit Insurance Corporation (“KDIC”), the appointed Receiver, are executing their mandates in this matter in accordance with the Laws of Kenya.



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2017-09-08
264.11 KB
23

Press Release - Imperial Bank (IR) - June 23, 2017 HOT

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Following the granting by the High Court of a 90-day extension of the receivership over Imperial Bank Limited (In Receivership) (IBLR) on June 19, 2017, the Central Bank of Kenya (CBK) and Kenya Deposit Insurance Corporation (KDIC) announced that they will issue a tentative timeline and prospective milestones for the resolution of IBLR’s receivership. The objective of such a resolution would be safeguarding the interest of depositors, creditors, and the wider public interest.



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2017-06-23
207.08 KB
144

KDIC Press Release -3rd Disbursement HOT

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Wednesday, December 28, 2016. The Kenya Deposit Insurance Corporation (KDIC) will today commence the process to disburse funds to Imperial Bank Limited (IR) depositors for a third tranche of disbursements.



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2016-12-28
178.63 KB
511

KDIC Update on Imperial Bank (IR) HOT

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On February 9, 2016 the shareholders of Imperial Bank Limited (In Receivership) (IBLR) filed a case in the High Court in which certain declarations were sought, and in the course of the proceedings, orders were issued restraining Kenya Deposit Insurance Corporation (KDIC) and the Central Bank of Kenya (CBK) from any process that would lead to the exclusion and transfer of assets and liabilities of IBLR. In the judgment delivered on November 4, 2016, the Court lifted the suspension, which has paved the way for KDIC and CBK to continue with the process they had announced and initiated.



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2016-11-08
186.98 KB
414

The Best Deposit Insurance of the Year 2016 HOT

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KDIC voted “The Best Deposit Insurance of the Year 2016” at The Annual General Meeting of The International Association of Deposit Insurance (IADI), the standard setting body.
The coveted award presented for the first time to an African Deposit Insurance is a major feat for KDIC as it positions itself as a hub of the best practice Deposit Insurance.


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2016-11-04
213.34 KB
501

KDIC Update on Payment to Depositors of Imperial Bank Ltd in Receivership HOT

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2016-01-25
75.87 KB
1,934

KDIC Update on IBL (IR) HOT

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2016-02-16
265.95 KB
207

CBK Press Release on IBL HOT

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2016-02-16
345.67 KB
358

CBK Brief to Commercial Banks and Microfinance Institutions HOT

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2016-02-15
167.4 KB
480

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IBL (IR) Update- Circulation of False Information on Social Media HOT

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2016-02-15
82.56 KB
348

Notice: Trust Bank Dividend Payout HOT

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2016-02-16
60.72 KB
284

Payment of Protected Deposits of Dubai Bank Kenya Limited(IL) HOT

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2016-02-16
103.77 KB
225

Dubai Bank (In Liquidation) HOT

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2016-02-16
90.02 KB
241

Dubai Bank Kenya (In Receivership) HOT

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2016-02-16
42.7 KB
335

Benki ya Dubai Kenya (Chini ya Msimamizi) HOT

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2016-02-16
40.83 KB
177

Caveat Emptor - Post Bank (IL) HOT

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2016-02-16
60.82 KB
284

Trust Bank Ltd (IL): Fourth Divident Payment HOT

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2016-02-16
80.17 KB
253

Fortune Finance Ltd (IL): Fourth Dividend Payment HOT

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2016-02-16
80.17 KB
161