Chase Bank

Chase Bank is a Kenyan bank that targets the middle class and growing small and medium enterprise (SME) sector with specialized products. Its Chase Woman program has made significant strides and generated solid returns.

About Chase Bank

Incorporated in 1995, Chase Bank of Kenya aims to be the premier pan-African bank offering financial solutions and creating lasting value for clients, shareholders, people and businesses in the communities they serve. Chase Bank operates a network of 57 branches and employs more than 1,200 staff members. With approximately 50,000 clients, it has a portfolio of US$1.4 billion and deposits of US$906 million.

Chase Bank offers tailor-made financial solutions to SMEs and provides capacity building to entrepreneurs through its online portal. In addition, Chase Bank delivers banking solutions for retail and corporate customers, as well as Islamic banking, Internet banking and mobile banking. In 2013, Chase Bank won the Think Business Banking Award in SME Banking and Product Innovation.

The Program

Chase Bank’s Women’s Market program, Chase Woman, targets women in three different segments: high net worth, middle income/SME and micro. Products offered include savings accounts, personal and business loans, ATM access, online and mobile banking, free financial planning on investments, access to a wide range of insurance options, and discounts on several retail products. Chase Woman also provides SME owners opportunities to attend conferences, workshops and training events.

In 2015, Chase Bank announced that it would extend loans totaling more than US$580 million over the next 3 years to local entrepreneurs who would otherwise have trouble getting financing, with a focus on youth and women.

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CHASE BANK
AT A GLANCE

Chase Bank was
founded in 1995.

The bank operates
a network of 57
branches in Kenya.

The bank employs
more than 1,200 staff
members who serve
approximately 50,000 clients.

Chase Bank has a portfolio
of US$1.4 billion and
deposits of US$906 million.

The bank recently
pledged it would extend
loans totaling more than
US$580 million by 2018
to Kenyan entrepreneurs,
with a focus on youth and women.

The Opportunity - Kenya

  • 66%

    of women in Kenya participated in the workforce in 2017, Findex found.
  • 47%

    of Kenyan women had a bank account in 2017, according to Findex.
  • 19%

    of women saved at a financial institution in 2017, Findex found, but 65% of women are engaging in savings behavior.
  • 12%

    of Kenyan women borrowed from a bank in 2017, yet 62% reported borrowing money from somewhere that year, according to Findex.