What happened to the stupendous growth in profits? Anyway, now crosses 2bn net profit http://www.businessdaily.../-/wes8ykz/-/index.html

i think its bad for an upcoming bank like family bank to start showing signs of profit topping this early,successful banks which emerged to be giants never topped this early

Full Results link: https://view.publitas.co...-year-ended-31-dec-2015/

Family Bank gears up for expansion in Sh4 billion rights issue.

http://www.businessdaily...76/-/yodn6x/-/index.html

I wonder if anyone has actually made any sorta money in this company??

sometimes back i heard that they were planning to list in NSE.Wakikuja tuwaambie RISWA!

2009 -
During the Extra-Ordinary Meeting of the shareholders of the Bank held on 30th September 2009 at the Kenyatta
International Conference Centre (KICC), the shareholders resolved;
• To split the Bank’s shares from a par value of Five Kenya Shillings each(5/-) to a par value of Two Kenya
Shillings each (2/-) which therefore increased the number of shares held by two and a half times;
• To increase the Bank’s share capital from Five Hundred Million Kenya Shillings (500,000,000/-) to One
Billion Kenya Shillings (1,000,000,000/-);
• To approve a rights issue of shares to the shareholders of the Bank prorata to their shareholding.

2012 - Family Bank launches Sh1.2bn rights issue to boost growth plan

2014 - It’s a go for Family Bank rights issue as shareholders give their nod;proceeds to fund the expansion agenda and other critical projects

And now 2016 all on expansion. Surely there should be other ways to raise money.

This bank needs to be investigated.Last year they issued a corporate bond where they raised ksh.2.2bn.
Now a rights issue after a similar one two years ago.
I think some of the rights money is being used to cover up something.
@watesh
That money won't be used effectively.
If chase bank went through the guillotine;this one is supposed to be next in line

Looking at their figures from the Abridged I.M. They actually have utilized the funds well considering the 2013 1:1 Bonus and 2014 1:1 split

Anyone who can paste / upload 7.5.1 from the I.M.?

Are their listing plans still on or they abandoned the idea.