Governor right to pick KCB to manage Chase

The move by the Central Bank of Kenyan and Kenya Commercial Bank to fast track reopening of Chase Bank offers relief to some 167,290 customers.

The choice of KCB to manage the bank will go a long way to restore confidence in the banking sector. The bank came third among other bidders who were mostly international banks. But it was wise for CBK to pick a local bank with proven track record as this will ensure Chase Bank sets off on the right foot.