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Mauritius firm SBM formally buys Chase Bank

A Chase Bank branch in Nairobi. The lender's is Mauritius SBM's second acquisition in Kenya after Fidelity Bank. PHOTO | NMG

By  Allan Olingo

Nation Media Group

Kenya has accepted the offer from Mauritius firm SBM Holdings for collapsed lender Chase Bank.

This is SBM’s second acquisition in East Africa after that of Fidelity Bank in May last year.

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