@BusinessDaily

Payment for Chase depositors to be staggered over three years

4 days ago, 12:03

Chase Bank customers will access 75 per cent of the Sh76 billion deposits locked in the troubled lender in staggered phases over a period of three years, regulators announced yesterday. The process for releasing the funds to about 3,100 affected depositors will kick off “in a matter of weeks”, said Central Bank of Kenya (CBK) governor Patrick Njoroge and the Kenya Deposit Insurance Corporation (KDIC) chief executive officer Mahmoud Mohamed in a joint briefing without giving a specific timel ...
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@BusinessDaily

Payment for Chase depositors to be staggered over three years

4 days ago, 12:03


Chase Bank customers will access 75 per cent of the Sh76 billion deposits locked in the troubled lender in staggered phases over a period of three years, regulators announced yesterday. The process for releasing the funds to about 3,100 affected depositors will kick off “in a matter of weeks”, said Central Bank of Kenya (CBK) governor Patrick Njoroge and the Kenya Deposit Insurance Corporation (KDIC) chief executive officer Mahmoud Mohamed in a joint briefing without giving a specific timel ...
Read More

Category: business news corporate lifestyle economy opinion markets

Suggested

16 hours ago, 11:46
@BusinessDaily - By: Kiplagat Edwin
Ethiopian Airlines acquires 45pc stake in Zambia Airways

Zambia set to revival national carrier after more than two decades. ...

Category: business news corporate lifestyle economy opinion markets
14 hours ago, 13:09
@TheEastAfrican - By: Business Daily
Safaricom hits $11.7bn value in New Year rally

The company’s stock has risen 10 per cent in the first two weeks of the year. ...

Category: business topnews news
5 hours ago, 23:05
@StandardMedia - By: Macharia Kamau
8 firms in waiting to clinch oil pipeline tender

Prequalification of companies for design work sets the stage for construction scheduled for next year. ...

Category: business news
5 hours ago, 23:05
@StandardMedia - By: Dalton Nyabundi
Former employees of struggling retailer Nakumatt to open new Supermarket

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IMF is expected to make a review on whether to extend the two-year standby facilities for Kenya worth about $1.5 billion ...

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