Medium-sized lender Chase Bank is to raise an additional Sh2.5 billion through a private placement to fund its fast-paced growth, the institution’s management has disclosed.
The bank’s capital ratios have grown thin following rapid growth mainly from lending to small- and medium-sized enterprises.
A private placement means the bank will get cash
from investors invited privately and not from the general public."There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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