Court clears Equity to auction ex-Chase Bank HQ over Sh1.3bn debt

In a ruling delivered on March 13, the court dismissed an application by Chase Bank (in liquidation) seeking to stop the sale of the Riverside Office Block in Nairobi. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Court of Appeal of Kenya has allowed Equity Bank Kenya Limited to auction the former headquarters of Chase Bank Kenya Limited, a move expected to facilitate the recovery of a debt exceeding Sh1.3 billion.

The debt amounts to $9.5 million (Sh1.3 billion).
Key organizations involved are Equity Bank Kenya Limited and Chase Bank (in liquidation).
The property in question is the Riverside Office Block in Nairobi, which secured the loan.

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