Wednesday, March 19, 2008

Coop bank to go public in 08

Company says it will sell shares through the nse in 2008 so as to realize real value of its shares currently stuck at just one hundred bob. no details yet on amount of shares and other info. it will come out at agm on the 25th of april.

Initially aims to raise just five billion for expansion of branches and investment in ict.


Year 2007 results

- P b t 2.32. billion. A growth of 85 percent
- Growth in interest income by 1.1 billion
- Loan portfolio up by 35 % to hit 38.4 billion
- Company to open 20 new branches some in kayole, river road,upcountry.
- Dividend of 8 shillings per share up from ksh. 5 in 2007

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