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Originally published by The Kenyan Wall Street
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business
August 28, 2025
4h ago

M Oriental Bank’s H1 Profit Rises 19%, Calls EGM to Issue 50M Shares

M Oriental Bank’s H1 Profit Rises 19%, Calls EGM to Issue 50M Shares

M Oriental's H1'25 profit rose 19% to 93.1M, assets up 9.9% to 14.3B, while NPLs up 22.8%. Bank seeks share issue to meet CBK capital rules...

✨ Key Highlights

M Oriental Bank reported a 19.2% rise in half-year profit to KSh 93.1 Mn for the period ending June 30, 2025, despite pressure on asset quality and capital ratios. To address capital requirements, the bank will hold an Extraordinary General Meeting (EGM) to propose issuing new shares.

  • Profit after tax increased to KSh 93.1 Mn from KSh 78.1 Mn in 2024.
  • M Oriental Bank's core capital slipped to KSh 2.51 Bn, falling below the Central Bank of Kenya’s (CBK) phased minimum requirement of KSh 3 Bn by end-2025.
  • An EGM is scheduled for September 5, 2025, for shareholders to vote on authorizing the issuance of up to 50 million new ordinary shares of par value KSh 20 each over a five-year period to bolster its capital base.

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