Chase Bank
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....
FRANCIS MULI2 Mins read
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...
BUSINESS TODAY2 Mins read
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
BT Correspondent1 Mins read
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...
XINHUA2 Mins read
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...
ESTHER KABOYO1 Mins read
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...
BT Correspondent1 Mins read
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
BT Correspondent1 Mins read
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...
THE STANDARD2 Mins read
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
BT Reporter2 Mins read
