Following the placing of Chase Bank Kenya under receivership, customers are in panic mode. In the interest of its depositors, creditors and members of the public, CBK has appointed Kenya Deposit Insurance Corporation (KDIC) as the receiver manager. Here’s more information.
Customers can now follow up on their Chase Bank accounts via the Kenya Deposit Insurance Corporation which is located at 1st Floor, CBK Pension House, Harambee Avenue, Nairobi, Kenya. Their website is http://www.depositinsurance.go.ke/.
Those with questions can call the KDIC on Tel. No. 0770 887992. Customers can also contact KDIC on email: [email protected] for more information.
Chase Bank has since issued a statement seeking to quell rumors that customers’ funds were at risk.
“We would like to take this moment to reassure the general public that our customers’ funds and investments are safe. ” A statement on their Facebook page read.
According to CBK, the KDCI team would be given 12 months to come up with an “appropriate resolution strategy”.
All 62 of its branches would remain closed until new management was put in place, said CBK chief Patrick Ngugi Njoroge.
“The Central Bank of Kenya has today Thursday appointed Kenya Deposit Insurance Corporation (KDIC) as the receiver manager for Chase Bank Limited for a period of twelve months, pursuant to the provisions of Sections 43 (1), 43(2) and (53)1 of the Kenya Deposit Insurance Act, 2012,” said CBK in a statement.
KDIC will assume the management, control and conduct of the affairs and business of the institution to the exclusion of its board of its directors and advise CBK of an appropriate resolution strategy as soon as it practicable and not later than twelve months, CBK said in the statement.
CBK has previously put 2 other banks under KDIC receivership which include the recently troubled Imperial Bank and Dubai Bank. Seventeen (17) other financial institutions are currently under liquidation.
Other Information Sources
Update: Chase Bank Set to Reopen on April 27