This morning, the Governor of the Central Bank announced that Chase Bank would soon reopen. This will be facilitated by KCB, and comes a day after unconfirmed reports that QNB of Qatar was poised to win the race to take over Chase.
KCB’s credentials as a strong bank with a solid brand, adequate human resources, and wide experience in the country, will facilitate safeguarding the interests of CBL’s depositors and creditors, and the wider public interest. CBK will continue to monitor closely developments in CBL. Accordingly: All Chase Bank Ltd (In Receivership) branches will open by Wednesday, April 27, 2016. The online and mobile banking services will also become available. However, branches may initially offer limited banking services.
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