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SBM concludes Chase Bank acquisition

Chase Bank (File photo, 2016)

Central Bank of Kenya and Kenya Deposit Insurance Corporation on Tuesday announced the signing of an agreement for the acquisition of certain assets and assumption of deposits by SBM Bank Kenya Limited from Chase Bank.

The agreement concluded discussions between the State Bank of Mauritius (SBM), KDIC and CBK on the Chase Bank transaction that was announced on January 5, 2018.

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