Chase bank history in kenya
Chase bank countries
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Chase Bank Kenya
Commercial bank in Kenya
For the JPMorgan Chase Bank, see Chase (bank).
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.[2]
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).[3]
History
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.[4]
At that time, United Bank (Kenya) was in receivership and w