Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Chase Bank customers to access up to KES 1 million

21 April 2016, 07:26

Nairobi -  The CBK Governor, Patrick Njoroge said Chase Bank will reopen on Wednesday under KCB management.

In a statement Wednesday, CBK said an understanding had been reached between Kenya Deposit Insurance Corporation (KDIC) and KCB on modalities to reopen Chase Bank in the next few days and the eventual acquisition of a majority stake in the bank.

“All Chase Bank Ltd (In Receivership) branches will open by Wednesday, April 27, 2016. The online and  mobile banking services will be available. However branches may offer limited services,” said CBK.

The depositors will however access up to KES1 million only with online banking also available – accounting for about 167, 290 customers or 90 per cent of the depositors.

Read Also: Govt seeks to boost tax collection to cut deficit

CBK said deposits above KES 1 million will be made available in a structured manner.

“The moratorium on payments to creditors and lenders remains in place. However, the manager will respond with them in the near future with details of how these would be dealt with,” he said.

The bank of last resort said KCB would carry out due diligence to inform its decision on taking a stake.

CBK Governor Patrick Njoroge recently told a news conference he had received nine indications of interest in the mid-sized lender that was put into receivership this month.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and likeour Facebook page!

- News24


Read more from our Users

Submitted by
S Mbinya
Why he does not call your name

A slip of the tongue can happen just any time. Read more...

Submitted by
George Vodongo
Why Boniface Mwangi wants DP Ruto...

Photojournalist and activist Boniface Mwangi is now demanding for the Deputy President William Ruto’s tax returns. Read more...

Submitted by
Vincent Munga
Jambojet increases flight frequen...

Jambojet will increase its flights to Mombasa from 22 to 31 flights a week, while Kisumu, Eldoret and Ukunda will have a total of 20 flights per week each.  Read more...

Submitted by
George Vodongo
Al Shabaab attack Mandera hotel, ...

A total of 33 non-locals were in the hotel when the assault was launched.  Read more...

Submitted by
Shakila Alivitsa
4 ways to handle your cheating ma...

He is cheating. How do you handle him?

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?