In Kenya, Chase Bank Group offers its clients traditional and Islamic banking services. Proparco is allowing it to offer SMEs – a public it knows well – loans denominated in foreign currencies.
Chase Bank Group was set up in 1995 and is a universal bank offering conventional and Islamic banking services to small and medium-sized enterprises, companies and private customers. Through its subsidiaries and affiliates, it offers its clients complementary services, including stock-exchange transactions and financial services for companies, fund management services and insurance brokerage. This financial institution has over 30 branches and 671 permanent employees.
This operation will allow Chase Bank to develop its loan activity denominated in foreign currencies for its SME clients. The bank places great emphasis on SMEs and received the award as the best SME bank in 2013, during the Global Financial Markets Awards & Think Business Kenya.
By strengthening a high-quality banking player active in the SME segment, this project will contribute to developing Kenya’s economic base. It will contribute to creating jobs and to the economic development of the country.