The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
NIC Bank has announced the end of its mandate as the asset and liability consultant for Imperial Bank, which is currently under receivership.
NIC was appointed to the role on June 21, last year by the Kenya Deposit Insurance Corporation (KDIC). As part of its mandate, NIC said yesterday, it among other things, undertook an assessment of the quality of the bank’s assets and liabilities and supported loan recovery processes.