The Central Bank of Kenya (CBK). [Photo/businessdaily.co.ke]The Central Bank of Kenya has said that it will get the assets of initial owners of the embattled Chase Bank in order to get enough money for the depositors.As of now Chase Bank customers can only access up to 75 per cent of their deposits which amounts to Sh76billion that is still locked with the lender.In a briefing on Friday, CBK Governor Patrick Njoroge said that they will ensure that implicated managers and shareholders are prosecuted and their assets attached so that depositors can get their rightful shares.
“We will have to get as much from the shareholders or from borrowers or from anyone who took money away from the bank. We will need to get the assets, we freeze them, get them back and then sell them so as to provide new liquidity or as new assets that can be distributed for the depositors,” Njoroge said.
He further said that they will not relent in ensuring that the depositors get their rightful share as they will use all the available means.
“The point is that we have not given up. With the objective of raising as much of the value and giving it back to the rightful owners who are the depositors,” he added.
The plan by the CBK comes weeks after a Mauritian company SBM Holdings acquired ownership of Chase Bank increasing hopes for the disillusioned customers.