Ms Muthoni Kuria who has been appointed as the new Chairperson of Chase Banks board.
BY SAM ALFAN
Chase Bank has appointed Ms Muthoni Kuria as the new Chairperson of Chase Banks board.
Ms Kuria has served on the Board for over three year, is a career banker and certified public accountant and holds an MBA as well as serving on other boards.
Mr Paul Njaga , also a banker having worked with BNP Paribas and as Chief Finance Officer at Equity Bank and worked with the firm since December 2014 continues as the Chief Executive Officer.
“The Chairman and the board of Chase Bank would like to inform its customers, partners and the general public of the following changes to the bank’s board”, Ms Kuria said today in a statement.
Ms Kuria added that 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,” Ms Kuria said.
She also noted that the shareholders of the bank who are 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 giving loans to business owners operating small and medium sized enterprises.
In 2015, the bank lent excess of Ksh 22 billion to small businesses out of a loan book of Ksh 103 billion and is ranked 11th in terms of balance sheet size in the Kenyan banking industry with its assets valued at Ksh 143 billion. Its core capital stands at over Ksh 11 billion as at December 31, 2015.
Ms Kuria said that Chase Bank counts on several strategic institutional investors to support its socially inclusive growth plans and would like to reassure the general public that customers’ funds and investments are safe.
