At least Ksh14 billion marked as outstanding interest was lost before Chase Bank collapsed, a Capital Markets Authority (CMA) investigation report has revealed....
On April 7, 2021, KDIC submitted the Receiver’s Report to CBK recommending that CBLIR be liquidated. The report indicates that considering the weak...
This follows the Central Bank of Kenya’s approval of the transfer of selected assets and liabilities of the lender to SBM Bank Kenya
Only one acquisition has been recorded so far IN 2018, a departure from last year where the country registered four, with more banks...
Move provides hope to large depositors of the Kenyan bank, which collapsed in 2016, as they could start accessing their cash in the...
Mauritian lender says the landmark transaction will enable it to grow inorganically, taking SBM Kenya from 31st to 11th place as a strong...
Under the agreement, Chase Bank customers will have access to 75% of the Ksh 76 billion in deposits once the bank is re-opened
This makes up a quarter of the total loans that were abandoned when the bank was momentarily closed and later partially opened as...
KDIC will in the next two years introduce a system where banks with higher risk are charged an equally higher premium