Chase Bank closes ten branches following SBM deal

Chase Bank customers mill outside the bank's Moi Avenue branch in Mombasa following its closure in April last year.

NAIROBI, KENYA: Chase Bank has closed ten branches spread across the country following the ongoing takeover of some of its assets by the State Bank of Mauritius (SBM).

Deal to buy Chase Bank assets will be concluded on August 17 after Treasury and Central Bank gave it a clean bill mid this month.