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KCB to take over management of Chase Bank, will reopen next week

KCB chief executive Joshua Oigara: KCB Group has acquired a majority stake in troubled lender Chase Bank. PHOTO | SALATON NJAU

KCB Group is set to acquire a majority stake in the fallen Chase Bank, which will now reopen on Wednesday next week.

The Group could acquire the bank – that was placed in receivership on April 7 – through its Kenyan subsidiary, KCB Bank Kenya (KCB).

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