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History


In 1995, Chase Bank was just an idea. That idea can trace its origins to when a group of local investors got together to buy out a bank that was then under Central Bank of Kenya statutory management.
The bank effectively began operations in January 1996 in the lakeside town of Kisumu, in Western Kenya. In 1997, the bank moved its headquarters to the capital city,Nairobi. The Kisumu branch was closed in 2000 as part of rationalization measures.

Today the bank has branches in strategic locations; the City Centre, Village Market, Hurlingham, Parklands, Eastleigh and Riverside Mews. As we increase our presence countrywide, we have gone on to open Branches in both Mombasa and Thika .Below are a few highlights of our success over the years.

Nov 1995 - Some investors saw an opportunity amidst the risk and acquired United Bank. These investors pumped in Kenya Shillings 95m for 60% share in a bank capitalised at Kenya Shillings 75m, total assets of Kenya Shillings 146m

1996 – Bank made a loss of Kenya Shillings 19m

1997 – Turnaround to profitability within fifteen months from acquisition

2002- The bank's Balance Sheet crosses Kenya Shillings 1 billion mark.

2003- Marketing Intelligence ranks the bank in top ten positions, in its annual survey.

2005 – Bank records Profit After Tax of Kenya Shillings 46m, a turnaround of Kenya Shillings 115m in 2004

2006 - Deposit base grows to Kenya Shillings 3.2 billion and the Balance Sheet crosses the 4 Billion mark.

2007 - Return on issued share capital surpasses +20%
  • The bank is voted third in the category of the fastest growing bank, in the sector and voted first among banks of similar tier.
  • Deposit base grows to Kenya Shillings 4.2 billion at the close of the year
April 2008 - Customer deposit figure crosses the Kenya Shillings 6 billion mark.

April 2009- The bank is awarded 'Fastest Growing Bank' at Banking awards 2009

June 2009-Shareholders increase paid up capital to Kenya Shillings 1 billion.

December 2009-Customer deposit figure crosses the Kenya Shilling 10.2 billion mark. The Bank is awarded ISO 9001:2008 certification by Bureau Veritas

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