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NIC Bank has shot to top position among Kenya’s mid-sized lenders based on market share numbers, latest rankings by the industry regulator indicate.
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Company Overview. NIC Bank Limited provides retail and corporate banking, brokerage, bancassurance, and investment banking services in Kenya, Tanzania, and Uganda.
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NIC was incorporated in Kenya on 29th September 1959, when Standard Bank Limited (“Standard”) and Mercantile Credit Company Limited (Mercantile) -both based in Budgeting loan online app
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Kenya: Nic Bank Profit Up 10 Percent, Loans Surge 18 Instant decision payday loan lenders
Mid-tier lender, NIC Bank, has reported a 10 per cent growth in net profit in the first half of 2015 following diversification of lending to the retail segment.
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NIC Bank, whose full name is National Industrial Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community.
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Violence in South Sudan saw the Central Bank of Kenya warn that there was a likelihood of a rise in non-performing loans this year due to a slowdown in economic activity.
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NIC Bank has joined the queue of local banks tapping Kenyans in the diaspora after it appointed a Johannesburg-based Barclays Bank executive as its new
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Kenya's NIC Bank saidon Tuesday it had received regulatory approval to issue 8billion shillings ($91.06 million) worth of bonds to fund itsexpansion plans.
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Aug. 18 (Bloomberg) -- NIC Bank Ltd., a Kenyan lender, said first-half profit jumped 34 percent as earnings from loans increased. Net income climbed to 1.1 Need a loan on jsa
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NIC Bank Group is currently celebrating its 50th Anniversary having been incorporated in Kenya on 29th September 1959. Since then, the Bank has grown and diversified Working capital loan documentation
Kenya’s NIC Bank doubles dividend, profit up 12pc - Business
Kenyan lender NIC Bank has doubled its dividend to shareholders as its profit after tax rose by 12.18 per cent.
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Barclays Bank of Kenya Limited acquired 51% of NIC’s total shares through the acquisition of Mercantile in the 1970s and Standard’s shareholding in NIC in the 1980s.
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NIC Bank launches Sh3bn bond | Capital Business
NAIROBI, Kenya, Aug 21 - NIC Bank has launched the sale of a Sh3 billion bond as the first part of a strategy of raising capital through a bond and Rights Issue
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