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Chase Bank’s owners pull the diplomatic card

Chase Bank depositors outside a Nairobi branch after the lender was put under receivership by the Central Bank of Kenya on April 7, 2016. PHOTO | FILE

Chase Bank’s foreign shareholders have turned to their respective embassies in Nairobi to help resolve their concerns on KCB’s ‘conflicted role’ as receiver manager and presumed buyer of a significant stake in the collapsed lender.

German investment firm DEG, French private equity fund Amethis Finance and Swiss venture capital firm responsAbility have expressed their concerns through a letter to the Central Bank of Kenya; copied to the German, France, Dutch and Swiss embassies.

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