SBM Bank Kenya and Mauritius-based lender AfrAsia Bank have now withdrawn a $7.5 million (Sh971.89 million) deposit dispute from court to pave way for negotiations, although the Kenyan lender says it does not expect any liability to arise from the matter.
The two lenders have been fighting in court over the money, which AfrAsia says it deposited with Chase Bank Kenya, which collapsed in April 2016.
