×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

End of Chase Bank after SBM cherry-picks premium assets

SBM bank at Jubilee exchange in Kaunda street in Nairobi.This was on 6 October 2017.[Edward Kiplimo,Standard].

The State Bank of Mauritius (SBM) could emerge as the biggest deal-maker in Kenya following the 2015 banking crisis after it bags two lenders for a song.

Just after buying Fidelity Bank for Sh100 to get its skin in the game, the lender is about to cherry-pick the premium assets of small and medium enterprise lender Chase Bank, a move that would boost its assets by Sh57 billion.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in