Kenya’s central bank said on Friday it had received at least five offers from local and foreign investors who want to buy a local mid-tier bank, Chase Bank, that collapsed last week leaving its mostly startup customers stranded.

Central Bank of Kenya (CBK) Governor, Patrick Njoroge, told a press briefing that his institution was evaluating the offers and was optimistic that Chase Bank will be up and running faster than two other banks that have failed in the last nine months, Business Daily reported.

Three Kenyan bank, including Imperial Bank and Dubai Bank, have collapsed since August 2015 due to what has been termed as toxic insider loans to companies associated with directors and top executives.

“We need a credible plan on how it will be reopened and stay open. Time is of the essence. We want to reopen this institution as soon as possible,” Capital FM quoted the Governor saying.

Business Daily carried a report last week showing that KCB Group (the country’s largest lender by assets), Centum Investments, I&M Bank, Equity Group and Commercial Bank of Africa were interested in purchasing the bank.

Chase bank had over 170,000 customers, most of them corporate clients, with 62 branches across the country. By the time of its sudden closure on April 7 the bank had accumulated $732 million in deposits.

Earlier this week, Njoroge said the central bank had created a special facility for any bank that comes under liquidity pressure through no fault of its own.

Initially he had blamed  Chase Bank failure on run ins by jittery customers after social media went abuzz with rumours of an imminent collapse of the mid-sized lender.

It later emerged that the bank had serious corporate governance issues that had forced external auditing firm Deloitte to qualify its 2015 financial statements, which the central bank had them restated to reflect the true financial position.

The restated financial statements showed the bank had made a loss, contrary to the previous statement which had indicated a profit.