— Central Bank of Kenya (@CBKKenya) January 10, 2018
Peter Nduati, the founder and CEO of the Resolution Group, and a Chase Bank customer tweeted some highlights from the Nairobi meeting.
- At the #Chasebank depositors meeting. CBK Governor briefing on the back story.
- SBM will take a maximum of Staff and Branches. There is no compulsion on the part of the staff to move.
- Moratorium deposits will have 75% of the money move to SBM out of which 50% will have ready access in a current account whilst the balance remains at 7% interest
- CBK says operationalization is a matter of weeks as far as depositors are concerned. Loans may take 2 months.
To paraphrase, we will lose 25% of the deposit but will get 37.5% immediately. 37.5% will be availed in 3 annual tranches with a 7% interest #CHASEBANK
— Peter Nduati (@PeterNduati) January 10, 2018
- To paraphrase, we will lose 25% of the deposit but will get 37.5% immediately. 37.5% will be availed in 3 annual tranches with a 7% interest.
- Its a better position for depositors but not optimum. At least 37.5% will be available and the balance will be in a term deposit earning interest.
- For a collapsed bank, I guess it’s the best deal. We have waited almost two years.
- Non-moratorium depositors move to SBM.
- I haven’t seen him (Zaf) or Duncan since 2016. Are they here even?