Family Bank is weighing new funding options after a weak rights issue performance last year, and has put an initial public offer (IPO) on the Nairobi Securities Exchange (NSE) on the table.
The lender, which has largely courted the public markets over the years, received subscriptions totalling only Sh252 million from the cash call, falling far short of its target of Sh9.3 billion after freezing the stock sale to key shareholders.
