Four foreign banks are interested in taking an equity interest in Chase Bank Kenya, following the Central Bank announcement to inviting investors.

They have joined three other Kenyan banks and five other financial institutions and consortia.

Four foreign banks show interest in Chase Bank

“The Shortlisted Investors were determined using appropriate and objective criteria based on, inter alia, regulatory imperatives and prudential guidelines which will ensure a speedy and optimal recovery for depositors, creditors and other stakeholders of CBL, whilst also mindful of seeking to preserve and develop a sound and innovative banking system in Kenya. Shortlisted Investors and other respondents have been informed of the outcome of this process,” a statement from the CBK said.

The investors will be provided confidential data that will allow them to come up with formal proposals to be submitted by June 9, 2017.