Afrasia Bank · LEAD
SBM Bank Faced With Liquidation Threat
Afrasia Bank has threatened SBM Bank (Kenya) with a notice of instituting liquidation proceedings against should the bank fail to refund over Sh900 million that it had deposited in collapsed Chase Bank six years ago. Last month, Justice Wilfrida Okwany ruled that SBM is culpable for all liabilities of Chase Bank which it acquired in […]