Market News

Done Deal: Diamond Trust Bank to Acquire Imperial Bank

BY Juma · April 13, 2018 12:04 pm

Diamond Trust Bank is set to take over the ailing Imperial Bank that has been under receivership for the last two and a half years.

Although the Central Bank of Kenya has not made this public, people aware of the deal have told Bloomberg Markets that the matter is already done and Imperial Bank will soon have a new owner.

If the word in the air is true, then DTB will acquire both the assets and liabilities of Imperial Bank.

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About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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