 | Chase Bank is a privately owned bank incorporated in Kenya in 1996. We are a conventional one stop financial institution with a focus on the SME Market. in addition, Chase Bank has an Islamic window branded Chase IMAN which was introduced in May 2009 and it was licensed and approved by the Central Bank of Kenya as well as our competent Shariah Advisory Board.
Through the identification of unique and profitable segments such as the SME market which has been directly responsible for the increase in our country's GDP, the Bank has positioned itself as the preferred SME Bank. We have uniquely tailored products to suit the needs of SMEs in the country to ensure that they benefit from our varied financing options.
The Bank has established partnerships with the aim of capacity building for entrepreneurs and increasing their knowledge in book keeping. Our focus is to continually deliver a unique banking experience modeled around a one stop financial solutions product offering. Through this, we will ensure that our customers financial needs are all met under one roof.
A focus on exceptional customer service, a an innovative approach to product development are among the key things that uniquely identify us within the market.
Our objective is to provide our client with exceptional service through product diversification, and relationship creation.
Today our intricate branch expansion strategy has seen us grow from a one branch bank into a strong institution that now has branches located in strategic urban and peri-urban centers within the country. Our Branches are located in five major towns mainly Nairobi, Nakuru, Mombasa, Kisumu and Thika.
To achieve our overall objectives, the Bank is investing in technological infrastructure as well as strategic alliances that will enhance our customer experience. These alliances will be with partners who reach the niche we would like to serve as well as the 'un-banked' sector within the country.
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
April 2010- Chase Bank is voted as the ' Fastest Growing Bank' at the Banking awards 2010
December 2010- Chase Bank balance sheet crosses the 20 Billion Mark bringing Chase Bank into the 2nd Tier
April 2011- Chase Bank wins Innovation Awards at the Annual Banking Awards; Special Award for Product Innovation, 2nd Runner up- Best Bank in Product Innovation, 3rd Runner up- Best Bank in SME
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