Bear scares Family Bank from bourse
25 November 2011, 16:56
Nairobi - The bearish run currently being witnessed at
the Nairobi Securities Exchange has seen Family Bank suspend its plans
for listing on the bourse.
The NSE 20 Share Index shed 25.5 percent of its value to stand at 3,288.70 points in the last couple of months.
Speaking to Capital Business Family Bank Chief Executive Officer
Peter Munyiri said other companies that have listed during the course of
the year have seen their share price eroded, adding that the bank’s
board had decided to protect shareholder value.
For more visit Capital News
Get the latest news by following us on Twitter