News Ticker

Chase Bank Kenya’s shareholders keen to re-capitalize

Chase Bank Kenya, which counts Amethis Finance, responsAbility Participations and German development finance institution KfW among its shareholders, became the country’s third bank to go into receivership since June 2015 when the bank went into statutory management to protect it from its creditors last week. According to central bank Governor, Patrick Njoroge, the bank’s shareholders are committed to recapitalizing the lender and re-open it as soon as possible.

Read more at Bloomberg…

Leave a comment

Your email address will not be published.