Prime

Credit Bank in Sh2bn cash call for expansion

Credit Bank CEO, Betty Korir with Uasin Gishu Governor Jackson Mandago during the opening of the lender’s Eldoret branch on April 04, 2019. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Credit Bank is set to raise Sh2 billion through a rights issue to boost capital and for expansion, joining other lenders raising cash or growing through mergers.

The lender has asked shareholders to approve the cash call as a special resolution at the annual general meeting scheduled for June 27.

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