Imperial Bank Kenya
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| Private | |
| Industry | Financial Services |
| Founded | 1993 |
| Headquarters | Nairobi, Kenya |
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Key people
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Alnashir Popat Chairman Naeem Shah Ag. Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax:US$21.453 million (KES:1.854 billion) (2013) |
| Total assets | US$497.7 million (KES:43 billion) (2013) |
| Website | Homepage |
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.
The bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of December 2013[update], the bank's total asset base was valued at about US$498 million (KES:43 billion), with shareholders equity of approximately US$66.2 million (KES:5.719 billion). At that time, Imperial Bank Limited was ranked the 19th largest Kenyan commercial bank, by assets, out of forty-three licensed banks in the country.
Imperial Bank Limited was established in 1992 as a Finance and Securities Company. In 1996, the bank commenced commercial banking services, following the issuance of a banking license by the Central Bank of Kenya. In January 2011, the bank, in partnership with Mukwano Group, a Ugandan business and manufacturing conglomerate, opened a subsidiary, Imperial Bank Uganda, with headquarters at 6 Hannington Road, on Nakasero Hill, in the center of Kampala's central business district.
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Wikipedia