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CBK optimistic Chase Bank will be out of receivership soon

Kenya's central bank expects to lift Chase Bank out of receivership soon by bringing in new shareholders, the governor of the central bank, Patrick Njoroge, said.

The mid-sized lender was temporarily closed by the regulator in April after an unexplained loss of billions of shillings. KCB Group was appointed its receiver and the central bank promised to return it normal operation by the end of the first quarter of 2017.

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