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KCB Group CEO Joshua Oigara who announced that KCB has entered a crucial phase that will determine the future ownership and funding of Chase Bank

Chase Bank has signed 3,200 new members customer since it reopened in April this year. This is according to Chase Bank acting Receivership Manager Paul Russo who say the bank has also recorded inflows of up to 10 billion shillings for the last three months.KCB on Thursday announced that it has entered a crucial phase that will determine the future ownership and funding of Chase Bank.
Paul Russo further says that the bank has continually been able to pay depositors up to one million shilling adding that soon the bank will be able to run independently.

KCB group CEO Joshua Oigara revealed that that they will focus on having a framework that will allow the bank deal with maturing and also taking new deposits.
He added that the bank has received tremendous support from customers, depositors and other stakeholders.

Chase bank received 3.5 billion shillings on April from Central Bank and has since not sought any additional support. Oigara says this is a strong indication that it has potential to get back into fully – flight banking.

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