Mauritian Bank Formally Takes Over Kenya's Chase Bank
The Central Bank of Kenya and the Kenya Deposit Insurance Corporation have concluded the signing of the acquisition deal with the lender and SBM group that was announced early this year. The deal provides a glimpse of hope for Chase Bank depositors including companies that have deposits running into billions of shillings locked in the troubled lender.
Nation, 18 April 2018
Mauritian lender SBM Holdings has formally taken over troubled Chase Bank following the conclusion of a sale deal. Read more »
Capital FM, 18 April 2018
Mauritius-based SBM Holdings, through its Kenya subsidiary, has completed the take over of Chase Bank Limited (in receivership). Read more »
Customers at a Chase Bank branch.