Chase Bank (Kenya) Limited

Central Bank of Kenya (CBK) invites investors to take an equity interest in Chase Bank (Kenya) Limited

The Central Bank of Kenya (CBK) together with the Kenya Deposit Insurance Corporation (KDIC) is inviting investors to present an initial Expression of Interest (EOI) to take an equity interest in Chase Bank (Kenya) Limited which is currently in receivership. CBK has appointed KPMG as its Advisors in this process. CBK and KDIC, the appointed

Money Markets

Performance of Kenya’s money markets and economy for the week ending 25th March, 2017

T-bill were oversubscribed for the 8th week running, with overall subscription coming in at 145.6 percent, compared to 135 percent recorded the previous week. This is despite the withdrawal of the 182-day paper from the auction market for the 3rd week in a row, a move aimed at the management of maturities by spreading the

DTB

DTB to diversify its operations in Asia with a Ksh.1.8 billion acquisition of Habib Bank Limited (HBL)

Diamond Trust Bank of Kenya Limited (DTBKL) is set to acquire Habib Bank (K) Limited (HBL) for about Ksh.1.8 billion. The acquisition will essentially be a share swap with Habib investors getting additional shares in DTB. The transaction is in the process of getting regulatory approvals both in Kenya and Pakistan. It is expected to

Central Bank of Kenya (CBK)

Central Bank of Kenya (CBK) to licence two new banks

The Central Bank of Kenya (CBK) has announced its intention to finalize the processing of licence applications for two institutions that had already been granted an “approval in principle”, as a first step to lifting the moratorium on licensing of new commercial banks. Both institutions were granted “approval in principle” by CBK before the moratorium