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The management says despite its parent company closing shop, the move does not affect its customers' investments and called on depositors to desist from rushing for their money/MIKE KARIUKI

Kenya

We’re still in business, says Rafiki Microfinance Bank

The management says despite its parent company closing shop, the move does not affect its customers' investments and called on depositors to desist from rushing for their money/MIKE KARIUKI

The management says despite its parent company closing shop, the move does not affect its customers’ investments and called on depositors to desist from rushing for their money/MIKE KARIUKI

NAIROBI, Kenya, Apr 8 – Rafiki Microfinance Bank now says it remains operational despite its affiliate, Chase Bank being placed under receivership.

The management says despite its parent company closing shop, the move does not affect its customers’ investments and called on depositors to desist from rushing for their money.

A statement from the bank indicates that the receivership of Chase Bank Limited, sparked panic which saw withdrawals on Thursday in its various branches countrywide, due to what it terms as misinformation.

“This is to inform you that the receivership of Chase Bank Limited does not include Rafiki Microfinance Bank, hence we remain operational. Rafiki Microfinance Bank is regulated by the Central Bank of Kenya,” the statement read.

Rafiki Microfinance Bank assured customers and all the stakeholders that despite small hiccups, their deposits and investments are safe and transactions will go on as usual.

“We would like to assure the public, our shareholders, partners, suppliers and customers that their investments remain safe with us and we shall continue providing reliable financial solutions,” the management said.

Rafiki Microfinance Bank is a subsidiary of Chase Bank which launched its operations in the Kenyan market in 2011 with targeting the microfinance industry.

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