plans to use funds raised by the issue to expand its branch network in east Africa to 90, from 78, it said. Raising KES 1.8 B only

http://af.reuters.com/article/k...ws/idAFL5E8HM6L820120622

is it likely for the price to drop to around the rights price of 74????

its now 8.6% down

@guru et al, How far south do you see it going?

DTB is not KQ
Devji is not Naikuni
AKFED is not GoK

DTB makes money for its shareholders.

Rights issue opens tomorrow

http://www.dtbk.dtbafrica.com/forms/IM.pdf

Diamond Trust Bank will be launching its agency banking network in October this year, the lender’s group chief
executive officer and
managing director Nasim
Devji has said.
http://www.businessdaily...-/12ls1qyz/-/index.html

Huh? How does that make it 'dangerous'?

Huh? Using your logic a (smaller) bank should not roll out ATMs, branches, products since their (large) competitors have (dominate) them?

Imagine if:
James Mwangi said: Equity should not open more branches since KCB, BBK, SCBK have so many & are even closing them!

DTBK said: We should not expand into East Africa since Barclays/StanChart have a significant presence in Uganda, Tanzania, etc. They will saturate it.

KCB's S&L said: Since HFCK dominates the mortgage sector, we should stay out since they will saturate it.

Or Steve Jobs had said 10 years ago: Apple should stop making computers and Mac OS development since Windows dominates 90% of all OS installed. The big boy will saturate the market.

Steve Jobs: Why should Apple compete against the heft and saturation of the phone market by Blackberries by RIM, Nokia & Motorola phones?

@VVS,

You are very correct. Steve Jobs never imagined that Apple will rival Microsoft, but he kept his dream alive.

CIC, ten years ago was amongst the worst performing insurance companies; now it is among the top 3. Nelson Kuria believed and I think in the next 5 years, CIC will be the top insurance company in EA.

To continue the agency debate: BBK says agency banking not for them

But some bankers say
the model is yet to make
economic sense to them.
Barclays Bank of Kenya CEO Adan Mohamed said during a press briefing Tuesday the agency model is still risky and costly.
“The agency banking model still has several operational risks and costs such as high
insurance costs which have made such an investment unattractive for us and therefore we will not delve into it immediately,” he said.
“We prefer to use a different route in order to capture the same target market and this
is through services such as our free revamped mobile banking services.”
http://www.businessdaily...6/-/1o3bd2/-/index.html