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Kenya's KCB Open to Banking Deals After Third Lender Collapses

  • KCB says it's open to consolidation in banking sector
  • Central bank offers to help lenders in wake of Chase closing
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KCB Group, Kenya’s biggest lender by assets, said it has an interest in new market opportunities after a local newspaper reported it may be among potential buyers of Chase Bank Kenya Ltd., which collapsed last week.

“KCB is open to the potential consolidation in the market, but nothing specific has been pinned down,” KCB spokeswoman Judith Odhiambo said in an e-mailed response to questions. “We continue to pursue various options and opportunities and cannot specifically discuss a particular entity.”