The Central Bank of Kenya has announced that it will soon shortlist the interested investors who have shown interest in owning the Chase Bank of Kenya.
In a statement to the newsrooms, the CBK said that a total of 12 replies to the EOI were received with the respondents comprising of three Kenyan banks, four foreign banks, and five other financial institutions and consortia. The evaluation of the EOIs has now been completed and a shortlist of qualifying investors has been identified according to the statement from CBK.
“The Shortlisted Investors were determined using appropriate and objective criteria based on, inter alia, regulatory imperatives and prudential guidelines which will ensure a speedy and optimal recovery for depositors, creditors and other stakeholders of CBL, whilst also mindful of seeking to preserve and develop a sound and innovative banking system in Kenya,” said CBK.
“Shortlisted Investors and other respondents have been informed of the outcome of this process. Shortlisted Investors will be granted access to comprehensive confidential data that will allow them to develop a formal proposal for taking an equity interest in CBL. Shortlisted Investors have been requested to submit their formal proposals by June 9, 2017, 5:00 p.m. (East African Time). The Central Bank of Kenya and the Kenyan Deposit Insurance Corporation, the appointed Receiver, are executing their mandates in this matter in accordance with the Laws of Kenya,”