CRDB Bank will soon be listing its equities on foreign bourses including Kenya's Nairobi Stock Exchange (NSE). The CRDB Bank Managing Director, Dr. Charles Kimei, told a news conference in Arusha yesterday that cross-listing on NSE would boost the value of the bank's shares.
Dr. Kimei was briefing the press on the preparations of the bank's annual conference for 2014, scheduled to start tomorrow, to be followed by shareholders Annual General Meeting (AGM) on Saturday.
Dr. Kimei said that the cross-listing was also being driven by the East African Community (EAC) integration and regional banks which are to play major roles, especially broadening labour and business relations.
The price of a CRDB Bank share has been going up recently, standing at TZS 330 per share, nearly double the amount at the initial public offer (IPO).
Dr. Kimei was briefing the press on the preparations of the bank's annual conference for 2014, scheduled to start tomorrow, to be followed by shareholders Annual General Meeting (AGM) on Saturday.
Dr. Kimei said that the cross-listing was also being driven by the East African Community (EAC) integration and regional banks which are to play major roles, especially broadening labour and business relations.
The price of a CRDB Bank share has been going up recently, standing at TZS 330 per share, nearly double the amount at the initial public offer (IPO).
Great news...Other banks should do the same
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