Mauritius' SBM Holdings to take 75 per cent of Chase deposits, liabilities
2 months ago, 13 Jan 00:15
Mauritius’ SBM Holdings will acquire 75 per cent of the value of certain deposits of Chase Bank plus matched liabilities, the Central Bank of Kenya (CBK) said on Friday. The CBK has been seeking a strategic investor for Chase, which has been under receivership since April 2016 after failing to meet its financial obligations. The Central Bank said last week that SBM Holdings had made a binding offer for some of the bank’s assets and liabilities. “We are in the home stretch,” CBK Governor Pat ...
Category: business news