Sidian Bank plans extra Sh3bn capital boost from owners

Sidian Bank chief executive officer Chege Thumbi. FILE PHOTO | NMG

Sidian Bank will be raising an additional Sh3 billion in capital to match its business growth, which saw its net profit rise more than fivefold in the nine months to September.

The small-tier lender, which has just concluded a Sh3 billion rights issue, is in discussions with its shareholders to inject an additional Sh3 billion to support its business growth.

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