Hunt for loan defaulters in 27 collapsed banks
Tuesday May 04 2021
By PATRICK ALUSHULA
Summary
Kenya Deposit Insurance Corporation (KDIC) has launched the search for individuals and businesses that defaulted on loans tapped from 27 collapsed banks.
The agency is seeking a management company to auction or run the operations of the firms in defaults to recover unpaid loans in failed banks like Chase, Imperial and Dubai Bank.
The collapsed banks, excluding Chase Bank and Imperial Bank, had unpaid loans of Sh45.51 billion at the end of June 2018, the latest data KDIC show.
Kenya Deposit Insurance Corporation (KDIC) has launched the search for individuals and businesses that defaulted on loans tapped from 27 collapsed banks.
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By Soko Directory Team / Published May 3, 2021 | 11:15 am KEY POINTS Define success on your own terms, achieve it by your own rules, and build a life you are proud to live.”
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APA Insurance wins Insurance category in the FiRe Awards 2020
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APA Insurance has won the top prize in the insurance category in this year’s Financial Reporting (FiRe) Awards 2020. The theme for the awards was
Financial Reporting Excellence in a Disruptive Environment. This year’s award ceremony was held virtually, in line with the set COVID-19 health protocols.
The annual awards are aimed at promoting excellence in financial reporting. It highlights efforts in enhancing accountability, transparency and integrity. The FiRe Awards are the most prestigious and coveted Awards for financial reporting in East Africa.
APA Insurance’s Chief Finance Officer, John Kigochi, received the award from the Chief Executive Officer of the Capital Markets Authority, Mr. Wycliffe Shamiah during the 19th edition of the FiRe Awards 2020.
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