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Reopening Charterhouse Bank a mockery to Kenya’s development


On June 23, 2006, the Central Bank of Kenya (CBK) placed Charterhouse Bank under statutory management. Six years later the Charterhouse Bank saga still rumbles on, with seemingly increasing pressure from Parliament to re-open the bank. At stake are customers’ deposits believed to be in excess of Sh3 billion as well as securities and title deeds that were frozen because the bank could not operate.

Reopening Charterhouse Bank a mockery to Kenya’s development

By - Charles Wanguhu | 9 years ago