CHASE BANK APPOINTS A NEW BOARD CHAIR

CHASE BANK APPOINTS A NEW BOARD CHAIR
Press Releases  |  
Wed, 06 Apr 2016

The Chairman and the board of Chase Bank would like to inform its customers, partners and the general public of the following change to the bank’s board.

Mrs. Muthoni Kuria has been appointed as the Chair of Chase Bank’s board. Mrs. Kuria has served on the Board for over three years. She is a career banker and certified public accountant. She holds an MBA and serves on other boards.

Mr. Paul Njaga continues as the Chief Executive Officer. Mr. Njaga has been the CEO of Chase from December 2014. He is a career banker having worked with BNP Paribas and as Chief Finance Officer at Equity Bank. He is a certified public accountant with an MBA in Finance.

Following the publication of the 2015 financial statements Mr. Zafrullah Khan and Mr. Duncan Kabui have stepped aside from the positions of chairman and Group Managing Director respectively.

The board would like to reassure all its customers, partners and the general public that Chase Bank is a strong, sound and transparent institution that has operated in Kenya for the last 20 years.

The shareholders of the bank who count among the world’s leading institutional investors from Germany, France and Switzerland have fully supported the changes, and remain committed to the partnership with the bank.

Chase Bank is one of the leading commercial banks lending to business owners operating small and medium sized enterprises. In 2015, the bank lent excess of Kes 22 billion to small businesses out of a loan book of Kes 103 billion. The bank is ranked 11th in terms of balance sheet size in the Kenyan banking industry with assets valued at Kes 143 billion. Its core capital stands at over Kes 11 billion as at December 31, 2015.

Chase Bank counts on several strategic institutional investors to support its socially inclusive growth plans. 

We would like to reassure the general public that our customers’ funds and investments are safe.

Signed,

MUTHONI KURIA

Chair, Chase Bank (KENYA) Limited