Kenya Commercial Bank (KCB) raises Sh7.5b to shore up capital cover

KCB Group Chief Executive Joshua Oigara. Eastern Africa’s largest bank by asset base, KCB, has completed raising supplementary capital that lowers depositors’ risk exposure. (PHOTO: COURTESY)

Eastern Africa’s largest bank by asset base, Kenya Commercial Bank (KCB), has completed raising supplementary capital that lowers depositors’ risk exposure.

The bank reckons that the new tier II capital raised provides enough headroom for KCB to meet regulatory requirements.