I&M Bank Plans to Raise KES1.5b in Rights Offer

September 26, 2016


I&M Bank plans to raise 600m shillings from DEG, Proparco, 750m shillings from other investors, 150m shillings from employees, Nairobi-based newspaper reports, citing lender’s extraordinary general meeting notice.

* NOTE: June 6, I&M of Kenya to Issue 21m Shrs as Part Payment to Buy Giro Bank. Source: Bloomberg