Three local lenders join fray to buy Chase Bank

Chase Bank customers mill outside the bank’s Moi Avenue branch in Mombasa following its closure in April last year. Central Bank in March extended the bank’s receivership by 90 days. [FILE/Standard]

Central Bank of Kenya said in a notice on Tuesday 12 entities had expressed interest in acquiring the lender currently under the receivership of Kenya Deposit Insurance Corporation (KDIC).

Besides the local lenders, other suitors wooing the embattled bank include four foreign banks and five groups of institutional consortia.