This archive report was first published on 11 May 2021.
Charterhouse Bank, once a prominent player in Kenya's banking sector, has a history marked by controversy. In 2006, the Central Bank of Kenya (CBK) took drastic measures by placing the bank under statutory management.
The move was prompted by concerns over the bank's operations, which had raised eyebrows among regulators. At the time, Charterhouse Bank had a significant presence with 10 branches spread across Nairobi, Kisumu, and Mombasa.
The CBK's decision to intervene was a significant development in the bank's history, one that would have far-reaching consequences for its stakeholders.
Published on May 11, 2021
