Payment for Chase depositors to be staggered over three years
2 months ago, 13 Jan 13:02
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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