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The Standard e-Paper
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The Standard Group Plc is a
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print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Diamond Trust Bank has raised Sh3.6 billion ($41 million) in an oversubscribed rights issue to expand its branch network in the region and to support lending. The bank, which focuses on services to small and medium-sized businesses, plans to use the funds to expand its retail banking services in Kenya, Burundi, Tanzania and Uganda.
The bank said it received a total of Sh16 billion or a 440 percent subscription for the 22 million additional shares it had offered at Sh165.00 a share in June.
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