Central Bank in March extended the bank’s receivership by 90 days. Besides the local lenders, other suitors wooing the embattled bank include four foreign banks and five groups of institutional consortia. ALSO READ: Joy as KCB bank title: Bankers reflect on successful season and take delight in vital win. Insider lendingDespite the secrecy shrouding the planned acquisition, Kenya Commercial Bank (KCB) had expressed interest in Chase Bank, having handled its books as the receiver manager. SBM Holdings of Mauritius, which had reportedly also expressed interest in buying the struggling lender is said to have cooled off interest after buying another local lender, Fidelity Bank.

Source: Standard Digital May 03, 2017 21:00 UTC