Chase Bank BoW

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Chase Bank (Kenya) Limited (“Chase”, or the “Bank”) is a Tier II bank in Kenya with primary operations in banking. The Bank has two wholly owned subsidiaries: Rafiki Microfinance Bank Limited, a deposit taking microfinance institution established in 2011; and Chase Insurance Agencies Limited, an insurance broker established in 2010. The Bank commenced operations in 1996 and has since undergone a transformation to become a leading second tier bank with 34 branches, a strong niche in the SME segment and a noticeable market share of 2.8% by total assets and 2.7% by total deposits as of YE2013 in a very competitive market. The Bank also offers a range of Islamic Banking services through Chase Iman. In addition, Chase has an associate company in the stock brokerage business known as Genghis Capital.The proposed project consists of a US$25 million senior loan to Chase to provide financing to women-owned small and medium enterprises (“WSMEs”) and SMEs. The financing package will be complemented with Advisory Services targeted at improving the Bank’s internal SME banking capacity and in particular its women markets franchise.