(Ecofin Agency) - Credit Bank Limited (CBL) will summon a general assembly meeting on June 27, 2019. According to Business Daily, during the assembly, shareholders will discuss an increase in the bank’s capital by Ksh2 billion (close to $19.7 million).
Local media indicates that in the framework of this capital increase, Credit Bank will issue new shares that could be acquired either by existing shareholders or new ones. If approved, Ksh2 billion will be used to boost equity and support the bank’s activities in the country.
CBL whose main shareholder is Sansora Group (14.96 %), ended 2018 with Ksh1.8 billion of interest revenues, higher than the 2017 performance, which was Ksh1.5 billion.