Diamond Trust Bank (DTB) is planning to use part of proceeds from a rights issue done last year to open up new branches in Madagascar and the Democratic Republic of Congo (DRC).
Last year’s rights issue raised additional capital amounting to Sh3.6 billion, attracting a 440 per cent subscription rate, the highest out of the nearly 20 sets of rights issues undertaken by various listed firms at the Nairobi Securities Exchange (NSE) over the last decade.