Chase, Imperial depositors to wait longer for cash as buyout deals delay

CBK governor Patrick Njoroge. FILE PHOTO | NMG

Customers of the troubled Chase and Imperial banks will have to wait longer before accessing their cash as an acquisition deal is hammered out.

CBK governor Patrick Njoroge says Mauritian lender SBM Holdings, which was on January 8 given the green light by the regulator to take over Chase Bank, is still engaged in trying to carve out assets and liabilities of the bank to pave way for their access by depositors.

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