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Chase Bank

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A Chase Bank branch in Kenya.
BUSINESS

The Ksh14 Billion Hole That Was Used To Steal From Chase Bank

At least Ksh14 billion marked as outstanding interest was lost before Chase Bank collapsed, a Capital Markets Authority (CMA) investigation report has revealed....

A Chase Bank branch in Kenya.
BUSINESSECONOMY

Chase Bank Set for Liquidation to End 5-Year Saga

On April 7, 2021, KDIC submitted the Receiver’s Report to CBK recommending that CBLIR be liquidated. The report indicates that considering the weak...

FEATURED STORY

KCB ends Chase Bank receivership role

This follows the Central Bank of Kenya’s approval of the transfer of selected assets and liabilities of the lender to SBM Bank Kenya

FEATURED STORY

Banks slow down acquisitions and mergers

Only one acquisition has been recorded so far IN 2018, a departure from last year where the country registered four, with more banks...

FEATURED STORY

SBM to inject Sh6b into Chase Bank

Move provides hope to large depositors of the Kenyan bank, which collapsed in 2016, as they could start accessing their cash in the...

FEATURED STORY

SBM eyes more deals after Chase Bank acquisition

Mauritian lender says the landmark transaction will enable it to grow inorganically, taking SBM Kenya from 31st to 11th place as a strong...

FEATURED STORY

SBM concludes acquisition of 75% Chase Bank stake

Under the agreement, Chase Bank customers will have access to 75% of the Ksh 76 billion in deposits once the bank is re-opened

FEATURED STORY

Chase Bank can’t trace Sh4.5b mortgage defaulters

This makes up a quarter of the total loans that were abandoned when the bank was momentarily closed and later partially opened as...

FEATURED STORY

Tough times ahead for banks as risk penalty grows

KDIC will in the next two years introduce a system where banks with higher risk are charged an equally higher premium