Employees of Chase Bank, who pumped millions of shillings into the lender’s share ownership programme are facing possible loss after the Central Bank of Kenya (CBK) rebuffed their enquiry on the future of their investment following the recent sale of the bank to Mauritians.
Correspondence seen by the Business Daily shows the CBK has remained non-committal on the fate of the employee share ownership plan (Esop) that valued workers’ stake in the bank at more than 4.3 per cent in 2015.
