Imperial Bank Information

Imperial Bank Limited (IBKL), commonly known as Imperial Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is one of the forty-three commercial banks licensed by the Central Bank of Kenya (CBK), the central bank and national banking regulator. On 13 October 2015, the Central Bank of Kenya placed the Bank under the management and control of the state's Kenya Deposit Insurance Corporation because of what the Central Bank termed as "unsafe and unsound business conditions" at the Bank. Separately, sources said an internal fraud scheme had occasioned the move. The CBK had hoped that owners of Imperial Bank would inject cash into the institution but has recently lamented that the shareholders had failed to make good on their promise. Depositors of the troubled bank can now make their claims at any KCB or Diamond Trust Bank Group branch and such claims will take three days to confirm their details before they are paid.