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End of Chase Bank after SBM cherry-picks premium assets

SBM bank at Jubilee exchange in Kaunda street in Nairobi.This was on 6 October 2017.[Edward Kiplimo,Standard].

The State Bank of Mauritius (SBM) could emerge as the biggest deal-maker in Kenya following the 2015 banking crisis after it bags two lenders for a song.

Just after buying Fidelity Bank for Sh100 to get its skin in the game, the lender is about to cherry-pick the premium assets of small and medium enterprise lender Chase Bank, a move that would boost its assets by Sh57 billion.

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