Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

CBK to meet Chase bank depositors next week after SBM deal

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 CBK (Photo WILLIS AWANDU

NAIROBI, KENYA: Central Bank of Kenya (CBK) has given Mauritian lender SBM Holding greenlight to acquire troubled Chase Bank.

Central Bank and Kenya Deposit Insurance Corporation (KDIC) on Friday said they have received and accepted binding offer from SBM Holdings with respect to Chase Bank (Kenya) Limited (In Receivership) (CBLR).

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902