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CBK makes large Chase Bank depositors wait as cash injection stalls

Chase bank customers view a notice pinned on the entrance of the bank's River road branch in Nairobi after it was placed under receivership for one year by Central bank of Kenya on 07/04/2016. Photo WILLIS AWANDU

Large depositors at Chase Bank will have to wait a little bit longer to access their money after the Central Bank of Kenya (CBK) pushed the bank’s full reopening to the next quarter.

The Standard has learned that negotiations are still ongoing on plans to inject new capital from a strategic investor even as CBK’s quarter-one timeline expires.

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