In 2010, the bank increased its share capital by 115,966,000 through the issue of 57,982,726 ordinary shares of Sh 2
each at a premium of Sh. 861,682,000 or Sh. 14.86 per share. The total capital raised was Sh. 977,648,000.
In 2012, the group increased its capital by Sh 1,092,319 through the issue of 36,405,192 ordinary shares of Sh 2
each at a premium of Sh 28.16 per share. The amounts received from the rights issue were capitalised after
deducting the rights issue costs of Sh 14,453,442. The total capital raised was Sh. 1,092,319,000.
In 2013, the group increased its capital by Sh 557,051,461 through the issue 278,511,682 ordinary shares of Sh 2
each by issuing one bonus share for every one share held from the share premium.
* Rights issue costs relate to the costs incurred to issue rights in 2012 that have been paid in 2013.
The opposite of courage is not cowardice, it's conformity.