How was the bond approved, thought CB is part of approval/authorization process.

cc@mnandi ...... things are starting to fall into place!

Different times, different governor. Is it even 2 months since the bond, will it get listed and trade at the NSE?

For a bank that recently posted KES 2 billion profits after tax in the quarter ending March 2015 (https://www.imperialbankgroup.com/ke/wp-content/uploads/2014/05/Q1-2015-financials.pdf) this is incredible. CBK should take responsibility for this now, they are clearly not performing their supervisory role as effectively as they should.

Beside, all recent indicators showed that the bank was sailing on a solid rock.

---

As at end of FY14, Imperial bank was ranked 17th in terms of core capital (KES 6.5bn), 17th on gross advances (1.6% of total industry), 14th on PBT (1.9% of total industry) and 17th on total customer deposits (1.8% of total industry). As at close of 2Q15, Imperial’s tier 1 CAR stood at 14.8% (vs. 10.5% statutory minimum) and liquidity ratio was 40.7% (vs. 20% statutory minimum). In 1H15, PAT, loans and deposits increased 0.3%y/y, 14.4%y/y and 15.7%y/y respectively. (CBK, Standard Investment Bank).
_______________________________________________

What actually went wrong and who failed?

Tafathali Wazuans we need to dig this and leave no stone unturned.

The purpose is this would be a lesson to Wanjiku not to invest in such banks or management.

We are waittiiiiiing