Imperial Bank Limited (IBKL), majorly referred to as Imperial Bank, is a commercial bank in Kenya. The bank is a medium-sized retail bank that caters for both individuals and corporate businesses. Imperial Bank Limited was founded in 1992 as a Finance and Securities Company. In 1996, the bank started commercial banking services, after it was granted 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.
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.
On 21 June 2016, the Central Bank of Kenya appointed NIC Bank as asset and liabilities consultant for Imperial Bank (in receivership). Effectively, NIC Bank took over the responsibility of returning funds to the failed bank’s deposit customers. The agreement also allowed NIC to acquire some of the deposits, assets and liabilities of Imperial once its receiver manager the Kenya Deposit Insurance Corporation starts liquidating the bank.

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IMPERIAL BANK KENYA

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