CBK approves liquidation of Chase Bank assests in final bow

Grace MathekaApril 16, 2021

The Central Bank of Kenya (CBK) has approved the liquidation of the assets of Chase Bank which were left out in the SBM Bank takeover. Chase Bank was placed und...

1 min read

SBM Bank is creating transition headaches for ex Chase Bank customers

Samson NderiAugust 22, 2018

Former Chase Bank business customers were in for a shock on Monday as SBM Bank insisted that they have to practically open new accounts to transact. Among the d...

1 min read

Chase Bank finally transitions to SBM Bank Kenya

James WamathaiAugust 21, 2018

Chase Bank Kenya Ltd has officially transitioned into SBM Bank Kenya after SBM Group was given final approval by CBK for the acquisition. Chase Bank was placed ...

0 min read

Some banks have reduced their interest rates in compliance with new law

Samson NderiAugust 30, 2016

A week after the President signed the Interest rates bill into law, the banking industry which at first seemed to have been in shock is slowly starting to compl...

2 min read

NIC will not be taking over Imperial Bank

Richard MureithiJune 30, 2016

NIC Bank was appointed to be the Assets and Liability consultant for Imperial Bank (IBL) by the Central Bank (CBK) last week. This perplexed many given that it ...

3 min read

Sidian Bank CEO shares the bank’s ambitious plans after rebranding

James WamathaiJune 2, 2016

Sidian Bank rebranded from K-Rep Bank in April this year in a restructuring process that saw the bank shift its customer focus to entrepreneurs. The bank has am...

7 min read

KEPSA offers solutions to corruption in Kenya

Medrine NyamburaMay 19, 2016

Corruption remains as one of the greatest obstacle to economic and social development in Kenya. The private sector is the supply-side of most corruption in Keny...

3 min read

Chase Bank to reopen with KCB as receiver manager

Richard MureithiApril 20, 2016

The Central Bank Governor has today announced that Kenya Commercial Bank will be the receiver manager for Chase Bank once it reopens. He also stated that KCB wi...

1 min read

Why I will still bank with Chase Bank

Florence KamaithaApril 18, 2016

I have been a client at Chase for the last two years. My experience varies from many people but I wish to point out why I need a bank like Chase Bank. I am on ...

4 min read

CBK to support Kenyan banks with liquidity problems

Richard MureithiApril 11, 2016

After the Chase Bank debacle which led to the placing of the institution into receivership last week. The Central Bank of Kenya (CBK) yesterday announced that i...

1 min read

The Chase Bank debacle explained by Manwa Magoma in 100 Tweets

James WamathaiApril 8, 2016

Chase Bank was yesterday placed under receivership by the Central Bank of Kenya (CBK). This came at the back of rumours of issues at the bank which resulted in ...

0 min read

Chase bank put under receivership by the Central Bank

Richard MureithiApril 7, 2016

In a sad turn of events, Chase Bank has today been put under receivership by the Central Bank Of Kenya. CBK has appointed Kenya Deposit Insurance Corporation (K...

1 min read

Muthoni Kuria is Chase Bank’s new board chair amid collapse rumours

Richard MureithiApril 6, 2016

Chase Bank has today announced a shake up in its board which saw the exit of Zafrullah Khan as the Chairman and Duncan Kabui as the Group Managing Director. The...

2 min read

Fidelity Bank is not closing down

Richard MureithiMarch 29, 2016

Social media has its many advantages but it also has a few disadvantages which include misinformation. As you well know a lie repeated many times becomes the tr...

3 min read

Safaricom increases number of banks offering real time fund settlement for M-Pesa merchants

Richard MureithiNovember 3, 2015

Safaricom has struck a partnership with eight more banks with a bid to enable businesses that use Lipa Na M-pesa to transfer funds from their tills to their ban...

0 min read

Ezekiel Owuor is the new Managing Director of CIC Life Assurance

James WamathaiSeptember 17, 2015

Ezekiel Owuor has been appointed as the Managing Director of CIC Life Assurance. CIC Life is a part of the CIC Insurance Group which consists of three subsidiar...

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Chase Bank launches Ksh. 10B corporate bond to finance expansion

James WamathaiMay 20, 2015

Chase Bank has today launched a 7 year Ksh. 10 Billion multi-currency corporate bond. The bond will enable the Kenyan bank to raise additional capital to st...

1 min read

The impact of Diaspora remittance on the Kenyan economy

Nyambura NgugiApril 2, 2015

Kenyans in the Diaspora are constantly sending money home. It could be for investments, or to support to family members left behind. Sometimes it is out of gu...

1 min read

Chase Bank makes new executive appointments

Lulu AkakiJuly 22, 2014

Chase Bank has appointed two executives, Chege Thumbi and Ezekiel Owuor as the Group Director of Operations and Technology and Ezekiel Owuor, General Manage...

2 min read

Chase Bank sponsors Kenya’s first Everest Expedition

Lulu AkakiMarch 26, 2014

Chase Bank Assistant General Manager for Business Development Vincent Lubia (right) presents a cheque of Ksh 3.5million to Kenya’s first Mount Everest climbe...

1 min read

Chase Bank and AFD partner to offer loans to small businesses

Lulu AkakiMarch 13, 2014

Chase Group MD Zafrullah Khan (right) and Regional Director of the French Development Agency (AFD), Yves Terracol Chase Bank has sealed a risk sharing agree...

1 min read

Airtel and Chase Bank offer unique VISA Debit Card on Airtel Money

Lulu AkakiFebruary 21, 2014

Airtel has partnered with Chase Bank to provide its Airtel Money subscribers in Kenya with a new Airtel Money Visa card. The Airtel Money VISA card will al...

0 min read

Chase Bank reaches out to the unbanked with launch of Mfukoni

Lulu AkakiFebruary 21, 2014

John Milya, Assistant Manager Institutional Banking. Chase bank Chase Bank Kenya has launched a first-of-its-kind mobile platform dubbed Mfukoni. The platfo...

1 min read