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The Standard Group Plc is a
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Troubled Chase Bank, which reopened a week ago received Sh100 million in new deposits within three days of reopening.
The statutory managers told a parliamentary inquiry into Kenya’s banking sector that they had set aside Sh5 billion expecting massive withdrawals. However, that did not happen because many of the big-money depositors said they were willing to leave their money in the bank and promised to continue depositing.
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