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Mauritian lender SBM drops bid to buy Chase Bank

Chase Bank Nakuru branch along Kenyatta Avenue. (Photo: Kipsang' Joseph/Standard)

The quality of Chase Bank’s books is now a crucial make or break factor as the Central Bank of Kenya tries to play matchmaker between a buyer and the lender’s shareholders.

Weekend Business has learned that some of the bidders have opted to withdraw their bids, while some investors are holding back over the Small and Medium Enterprise bank.

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