The Standard on Sunday
Date: 24.04.2016
Page 18
Article size: 35 cm2
ColumnCM: 7.77
AVE: 17888.88
KCB move may
harm SMEs
The decision by Kenya Com­
mercial Bank (KCB) to manage the
troubled Chase Bank could not have
come at a better time. This is a major
coup for KCB and an enormous relief
for Chase Bank customers, who were
afraid of losing their hard­earned
savings.
Although this is good news de­
positors, it is bad for business
customers in the small and medi­
um­sized enterprises (SMEs). The
KCB bureaucracy will kill the golden
egg in Chase Bank. Chase Bank was
the third small­or mid­sized bank to
close in the past nine months, rat­
tling investors.
{Brightone Douglas Kamara, Homa Bay}
Ipsos Kenya ­ Acorn House,97 James Gichuru Road ­ Lavington ­ Nairobi ­ Kenya