Kenya Central Bank Sees Shareholders Keen to Recapitalize Lender
- Lender placed in receivership Thursday on liquidity woes
- Chase becomes third bank to go into receivership since June
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Chase Bank Kenya Ltd. shareholders are committed to recapitalizing the lender after it was placed under receivership on Thursday and want to re-open the institution “as quickly as possible,” central bank Governor Patrick Njoroge said.
The closely held bank went into statutory management to protect it from its creditors, a day after two executives stepped down following the restatement of its annual results and amid what Njoroge described as “inaccurate” social-media comments about its health.