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Chase Bank turn-around

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Chase Bank (IR), which was put under receivership in April, is optimistic of attaining full recovery in the near future partly by seeking new business from the youth and startups, an official from the institution has said. The bank’s Youth Banking Manager Lonina Leteipan said that the bank would remain vibrant by supporting enterprise ideas by upcoming business entities as part of their recovery strategy.

“This year we, as a bank, have encountered some hurdles. However, this has not stopped us from striving to enable our customers to achieve what matters to them most. Youth banking has always been a core pillar for Chase Bank and therefore we are always keen to take part in initiatives that support the growth of young entrepreneurs as the youth are the future of this country,” said Mr Leteipan.

Mr Leteipan said the bank was also exploring ways of engaging young businesses and individuals grow as part of their turnaround strategy.  “For 20 years now,” he added, “Chase Bank has been at the epicentre of the entrepreneurial ecosystem, giving support to companies that have grown to become market leaders. We are constantly looking for ways to enable young businesses and individuals achieve what matters most to them.”

He was speaking at the Young Entrepreneurs Dinner (YED) at KICC which Chase Bank co-sponsored.

The Young Entrepreneurs Dinner (YED) is aimed at bringing together business leaders and young entrepreneurs from across the country with the purpose of mentorship and establishing an avenue through which they can partner and seek potential financiers for their businesses.

Business mogul Dr Chris Kirubi and businessman Darshan Chandaria also addressed the gathering. Dr Kirubi said: “The youth Entrepreneurship dinner is an opportunity for our youth to progress. They deserve mentorship from more experienced individuals. It will influence and offer them a chance to identify and develop skills that will enable them to succeed as entrepreneurs.”

On his part, Mr Chandaria observed: “Someone who doubts your abilities doubts their own. Show them your true capabilities and inspire them.”


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