Your chances are slim from what are I know because for unsubcribed rights, priority is ussually given to existing shareholders.
I did not take up my KCB rights last time and as it is I have 1,230 units of Stanchart, I do not intend to take up the rights.

This is because I have reache my quota in NSE banking sector as I cannot risk it to be more than 20% of my portfolio no matter how rosy banking sector looks now.

I am one of those that expect a burst in the banking sector within the next 2 years when the
incoming regime CBK sanitize to ensure they truly declare their toxic assets and non performing loans. Their current profile a couple of years now is not sustainable for sure

@Guru of Kenya stocks
You know I will be happy as a beneficiary if Kenya banks continue with their hey wire copycat unsustainable returns among big banks with their
prohibitive interest rates.

My opinion is not from Nigerian perspective but from global trend in financial market with
African markets as a ready example.
At least I invest in a few banks in Botswana, Ghana, RSA.

All except Kenya has undergone reforms. Reforms entail Central Bank hiring independent advisor to re-examine their books,
Setting new bench marks like raising the bar in the capital base to make the banks stronger and more liquid.

I hope you are aware in Africa Kenya banks as big as they are to us are not among the top 10 in in terms of capital base ?

Kenyan banks deserve to have a place in the top 10 ranking.
If CBK raises the bar on the advise of investment advisors, banks will retain more cash in their reserve, this will affect their performace, this
is part of the reform or correction I am talking about, it ussually leads to diminished performance but makes the bank stronger. I have seen it happen in Ghana, Botswana
etc , this is the reality and the right way to go. It requires wherewithal of the regulatory agencies. It is like taking the bull by the horn.

. GCB (Ghana Commercial Bank), the Kenyan roar equivalent had its dividend reduced by half and
the price tumbled by 40 percent because of this rejuvination.

The NPL aspect , do not defend the banks so religiously. They have been consistently cooking the books, the assurance you have is that they have been paying improved dividend. This is temporary..
The familiar back door method Kenya banks are doing to cover their nakedness is to do rights issue every other year. It is an old fashioned trick that is not sustenable. They Raise cash from
investors every other year and pay back as improved dividend. It is a round robin approach.

Reforms were undertaken when the likes of Trust Bank, Daima etc. and the likes collapsed. Since then, there have never been any other banking incident.

@sparkly the 12.5B was raised to boost core capital ratios without touching internal funds!

What i don't get is why a company growing profits at 40%+ p.a and sitting on 40billion CASH wouldn't increase its dividends..

You and @young seemed to have closed your minds to the fact that the balance sheet of these banks showed they needed more capital to allow growth in lending and expansion.. It was there in black & white!

The total dividend to be paid by KCB since the rights issue will reach 17billion in 2012 with the next rights issue in 2014/2015..
The asset size has grown from 270billion since the rights issue to 400billion in 2012..
PBT has grown from 7B since the rights issue to 20B in 2012!

What more could i have asked for!?

@young has a valid point. We rely so much on the financial statements that are in most times cooked, @guru, i can tell you for a fact that a few of the 'big banks' hide/understate provisions. Our regulatory framework is yet to be on point, CBK relies heavily on banks' internal audits which at the highest level are normally played around with.