Chase Bank resumes lending, signalling troubled bank’s full recovery

Depositors at the entrance of Chase Bank Nakuru branch along Kenyatta Avenue after the bank openend its doors for depositors who have less than Sh1,000,000 to start withdrawing their cash on April 27,2016. [PHOTO KIPSANG JOSEPH/STANDARD].

Central Bank of Kenya has allowed Chase Bank to start extending loans, signalling a return to full recovery of the troubled bank. The loaning service is one of the critical business lines in banking business.

The bank has also started receiving fixed-term deposits, on the approval of the sector regulator.