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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).

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