Investors will have to wait eleven days for Consolidated Bank’s corporate bond listing on the NSE. According to a press release from the company, the listing has been postponed from Thursday 2^nd August 2012 to Monday 13^th August 2012.

Sources at Consolidated Bank said the delay should not affect the listing. Investors, however, will not be able to trade their shares until the 13^th of August.

Last week, the bank concluded the first half of its bond issue and managed to raise KES 1.68 billion out of a KES 4 billion venture. The company intends to raise the remaining amount during the second phase of its auction which has not yet been confirmed. This move will help Consolidated Bank to increase its market share.

The bank’s profit before tax for the year 2011 was down 4% to KES 246 million from KES 257 million the previous year.

The bank’s Chairperson, Eunice Kagame, said that in spite of the challenging economic environment, the company expects satisfactory results over the next year. She believes that the bank will take advantage of the investment opportunities at its disposal.