Mauritian lender rules out more buyouts after Fidelity, Chase deals

SBM Bank Group chief executive Andrew Bainbridge during Press briefing in Nairobi last week. PHOTO | DIANA NGILA

Mauritian lender SBM Holdings has ruled out making more acquisitions in the Kenyan market as it nears the completion of Chase Bank takeover, its second in under 24 months.

Group chief executive Andrew Bainbridge last week said the lender would instead target to grow organically from the more than 60 branches that it will have once the Chase Bank deal is completed mid-next month.

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