Rwanda: I&M Bank to Raise Rwf8 Billion By Rights Issue

17 September 2020

I&M Bank Rwanda has announced that it will sell new ordinary shares to existing shareholders in a bid to raise at least Rwf8 billion as part of the plan to capitalize the lender's operations.

The bank will start the process of selling 202 million new shares to its existing shareholders next week on September 22 in a move aimed to raise new equity capital for the institution.

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