A Chase Bank outlet. [Photo: Courtesy]

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Majority of Chase Bank’s assets have finally fallen into the hands of an investor who has accepted to buy them.

The State Bank of Mauritius Holdings confirmed on Tuesday that the Central Bank of Kenya has accepted its proposal to take over.

SBMH Chairperson Li Kwong Wing said the proposal is subject to legal and financial fulfillment. He also stated that regulatory provisions will play a key role in finishing the transition.

The SBMH took over Fidelity Commercial Bank, another troubled financial institution.

Chase Bank was last year put under receivership after it ran into financial complications.