By EDWIN OKOTHMore by this AuthorThe scramble to take over a controlling stake in troubled Chase Bank has entered the homestretch after the Central Bank of Kenya (CBK) said it had shortlisted four suitors out of the 12 that expressed interest in the deal. The mix of interested buyers included three local banks, four foreign financial institutions and five other financial institutions and consortia, according to a CBK statement released on Tuesday night. EvaluationThe Daily Nation has since learnt that several international banks, which have more recently been showing interest in Kenya were among those eyeing the stake in Chase Bank – hoping to use it as their route to entering the region. The CBK is seeking to sell Chase Bank as part of a restructuring plan meant to speed up its recovery. It was, however, not immediately possible to establish whether KCB Group is among the contenders who have made the final cut.

Source: Daily Nation May 03, 2017 18:56 UTC