Company Kenya

The no 1 Company Listing site

  • Restaurants
  • Entertainment
  • Lodging
  • park
  • Outdoors
  • Blog
  • Add Your Listing
  • Guest
    • Account
    • Your Listings
    • Add Listing
    • Edit Profile
  • Log In
Primary
  • Restaurants
  • Entertainment
  • Lodging
  • park
  • Outdoors
  • Blog
  • Add Your Listing
  • Guest
    • Account
    • Your Listings
    • Add Listing
    • Edit Profile
  • Log In
CHASE BANK KENYA LIMITED

CHASE BANK KENYA LIMITED

0 Reviews
Add Photos
Write a Review

Chase Bank Kenya Limited (CBK), commonly referred to as Chase Bank, was a commercial bank in Kenya, licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Chase Bank was a large financial services provider in Kenya, with an estimated asset valuation of approximately US$1.428 billion (KES:142 billion), as of December 2015. At that time, shareholders’ equity was valued at US$119.7 million (KES:11.9 billion).
In 1995, several business people acquired a 60% stake in United Bank (Kenya), after paying approximately US$1.23 million (Kenya Shillings 95 million). At that time the bank’s headquarters were located in the western town of Kisumu, approximately 340 kilometres (210 mi), by road, northwest of Nairobi, Kenya’s capital and largest city.
At that time, United Bank (Kenya) was in receivership and was under statutory administration by the Central Bank of Kenya, the country’s banking regulator. Its paid-up capital, then, was approximately US$970,000 and it had an asset base valued at approximately US$1.9 million. In 1996, the bank opened for business under the new owners who rebranded to its present name. In 1997, a decision was made to relocate the bank’s only branch at the time, from Kisumu to Nairobi. Over the years, Chase Bank (Kenya) has progressively improved its bottom line by growing its customer base and increasing its profitability.
On April 7, 2016, Chase Bank was placed under receivership by the Central Bank of Kenya. This was mainly due to under-reporting of insider loans and not meeting the statutory banking ratios. Chase Bank re-opened on 27 April 2016 with KCB as the receiver manager.

Rate & Write a Review

Cancel reply

Your Rating Oops! you forgot to give a rating.




254 730 175 000 & +254 709 800 000
admin@companykenya.com
www.chasebankkenya.co.ke

Business Social Profiles

  • Twitter URL
  • Facebook URL
  • LinkedIn URL
  • Instagram URL




Company

  • Help Center
  • Blog
Copyright Company Kenya © 2023. All Rights Reserved
  • Facebook
  • Twitter
  • Instagram
  • Vimeo

Login

Lost your password?