Credit Bank's anchor shareholder, the Sansora Group of companies, has backed the lender's plan to list shares on the Nairobi Securities Exchange (NSE) by way of introduction in a move to grant it visibility and allow price discovery of the investment on the stock market.
This signifies a retreat from an earlier plan announced in August last year that the lender intended to raise Sh1 billion from the stock market through an initial public offering (IPO).
