CBK revokes Chase Bank licence, kick starts winding up

central bank of kenya cbk
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Business Daily | by Patrick Alushula


The Central Bank of Kenya (CBK) has formally cancelled the Chase Bank licence and paved the way for its liquidation, bringing to an end the existence of a lender that joined the industry on April 1, 1996.

The regulator has also formally appointed Kenya Deposit Insurance Corporation (KDIC) to oversee the liquidation of the bank, which was put under receivership four years ago…

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central bank of kenya cbk


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