Tag: 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. According to...

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 status of CBLIR’s financial position, liquidation is the only feasible option. 

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

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 expressing interest in acquiring others

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 next six months

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 Top Tier II bank within a year of its creation

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

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 borrowers took advantage of the lender’s woes

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