CBK’s in-tray full as analysis of Chase Bank data kicks off

National Treasury Cabinet Secretary Henry Rotich (centre) with Principal Secretary Kamau Thugge (left) and Central Bank of Kenya Governor Patrick Njoroge during a press conference on the state of the banking sector following the closure of Chase Bank on April 8, 2016. PHOTO | DIANA NGILA | NATION MEDIA GROUP

What you need to know:

  • CBK’s work is cut out this week as a third lender slid into receivership with over 350,000 depositors in limbo.

  • Chase Bank, the latest lender to collapse, had been honoured as the Best Company To Work For in Kenya by Deloitte in 2014 and 2015.

  • Chase Bank was a favourite of investment groups and start-ups drawn by the promise of attractive interest returns on fixed deposits.

The Central Bank of Kenya (CBK) will be an institution swamped with lots of data and analyses as circumstances in the banking sector slide from the frying pan to the real fire.

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