Nic Group Plc News

NIC share sprint eases after initial excitement

The September 2017 Sh5.5 billion bond restructuring saw the then NIC Bank Limited turn into Nic Group Plc ,a non-operating holding company that oversees the firm’s banking, insurance, securities, capital, leasing and ventures in Kenya, Uganda and Tanzania.

The Star , Kenya Dec 11, 2018

NIC, CBA parent banks in merger negotiations

Currently, the negotiations are sailing on smoothly and if nothing changes, Nic Group Plc and CBA Limited could become one company by early next year, according to experts familiar with processes and procedures involving mergers.

Daily Monitor , Uganda Dec 9, 2018

Kenyan Bank tie-up creates bigger rival for West Africa lenders

Nic Group Plc, one of Kenya’s mid-sized publicly traded banks, is in merger talks with Commercial Bank of Africa Ltd., the nation’s biggest closely held lender, the two said Thursday.

IOL , South Africa Dec 8, 2018

Investors rush for NIC shares on merger news

The September 2017 Sh5.5 billion bond restructuring saw the then NIC Bank Limited turn into Nic Group Plc ,a non-operating holding company that oversees the firm’s banking, insurance, securities, capital, leasing and ventures in Kenya, Uganda and Tanzania.

The Star , Kenya Dec 7, 2018

Kenyan Banks NC and CBA In Uganda To Merge – Red Pepper Uganda

A joint statement by James P M Ndegwa Chairman Nic Group Plc and Destario A Oyatsi, Chairman Commercial Bank of Africa Limited sheds light as what will happen.

Red Pepper , Uganda Dec 7, 2018

NIC, Commercial Bank of Africa commence merger talks

- The proposed merger is expected to create one of the largest financial services groups in the region - Stakeholders from both sides believe it would bring together the best in class retail and corporate banks - They believe combining the two entities would create enhanced capacity through capital consolidation The Nic Group Plc and Commercial Bank of Africa (CBA) Limited have formally commenced merger discussions after stakeholders from both sides approved of it.

Tuko , Kenya Dec 6, 2018

NIC Group and CBA in merger talks

, NAIROBI, Kenya, Dec 6 – Nic Group Plc and Commercial Bank of Africa (CBA) have announced that their Boards of Directors have authorized the commencement of discussions regarding a potential merger of the two entities.

Capital News , Kenya Dec 6, 2018

NIC, Commercial Bank of Africa start merger talk for improved growth

The Nic Group Plc and Commercial Bank of Africa Limited have started discussions regarding a potential merger.

The Standard , Kenya Dec 6, 2018