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Imperial Bank Limited
Imperial Bank Limited, 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.〔http://www.reuters.com/article/2015/10/13/kenya-banking-idUSL8N12D0R020151013〕
==Overview==
The bank is a medium-sized retail bank that caters to both individuals and corporate clients. , 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.
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