SBM Bank has sued Nairobi based lawyer seeking close to Sh1 million. The lender wants the court to enter the judgement of Sh900,000 against lawyer James Gitau Singh with interest at commercial rates until payment in full. The Bank argued that in a gazette notice number 6833 of 6th July 2018, the bank took business […]
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 […]
Disintegrated Chase bank asset liquidation was recently greenlighted and now joins Trade Bank, Postbank Credit Ltd, Kenya Finance Bank, Euro Bank, Prudential Building Society, Trust Bank and Dubai Bank. So many times we’ve seen, read and heard all over the news outlets and even experienced and fell victim in cases of sabotaged banks, banks going […]
