Three investors eye Imperial Bank says Central Bank
David Indeje
The Central Bank of Kenya said on Friday it had received three bids from investors who have expressed interest in Imperial Bank.
In September, CBK put out a notice to sell the lender, inviting former shareholders of the bank and other strategic investors interested in the failed lender.
“During this period, a total of three responses to the EOI were received,” said the regulator in a statement after the deadline for submission of Expression of Interest (EOI).
CBK in a joint statement with the Kenyan Deposit Insurance Corporation said they have completed the evaluation of the EOIs and a shortlist of qualifying investors (Shortlisted Investors) has been identified.
“Shortlisted Investors will be granted access to a comprehensive confidential data room that will allow them to develop a formal proposal for IBLR, after completion of appropriate confidentiality agreements. Shortlisted Investors have been requested to submit their formal proposals by January 15, 2018.”
Imperial Bank Limited (In Receivership) Indicative Timeline and Milestones for Resolution
The bank was placed under receivership in October 2015.
