Nic Bank News

NIC opens branch in Zanzibar ahead of merger with CBA

, NAIROBI, Kenya, Feb 22 – Nic Bank has set its foot in Zanzibar with a new branch.

Capital News , Kenya Feb 22, 2019

Conflict of interest claims rock KQ bid to run airport

The Public Investments Committee (PIC), which opened an investigation into the proposal by Kenya Airports Authority (KAA) to hand over the operations of Jomo Kenyatta International Airport to KQ, heard that Mr Isaac Awuondo is the chief executive of CBA bank which seeks to merge with Nic Bank #ticker:NIC.

Business Daily Africa , Kenya Feb 19, 2019

Toyota, NIC Bank ink truck financing deal

Companies Toyota, Nic Bank ink truck financing deal Nic Bank #ticker:NIC and Toyota Kenya have entered into an assets deal that will see enterprises access 80 percent financing when purchasing Hino trucks from the auto dealer.

Business Daily Africa , Kenya Feb 13, 2019

Chandaria firm wins pots battle, regulator says it’s not dominant

The company is also indebted to Nic Bank and Bank of Baroda.

The Star , Kenya Feb 12, 2019

The top shareholders in NIC, CBA banks merger

FILE PHOTOS | NMG The merged CBA and Nic Bank will count among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information on the two lenders has revealed.

Business Daily Africa , Kenya Feb 12, 2019

NIC Bank bosses want suit dismissed

Companies Nic Bank bosses want suit dismissed Top managers of a city bank cited for contempt of court have asked the High Court to strike out the suit.

Business Daily Africa , Kenya Feb 6, 2019

Banks posting growth

Banks The banking sector has rebounded strongly with Nic Bank +21.4%.

The Star , Kenya Feb 4, 2019

NSE defies terror, chalks up Sh149bn in January

Also in top 10 gainers list were Express Kenya, Olympia Capital, Housing Finance, Nic Bank, Eagaads, Eveready East Africa, Car & General and Sanlam Kenya.

Business Daily Africa , Kenya Feb 4, 2019

NIC Bank gains Sh3.2bn on merger update

Capital Markets Nic Bank gains Sh3.2bn on merger update NIC Group gained Sh3.2 billion in market value in Thursday’s trading as investors reacted positively to the announcement that the bank will proceed with its proposed merger with Commercial Bank of Africa (CBA).

Business Daily Africa , Kenya Feb 1, 2019

NIC shares at new high as CBA merger plan unfolds

This means the 34 shareholders of CBA will own 53 per cent of the merged business with Nic Bank while NIC shareholders will own 47 per cent.

The Star , Kenya Jan 31, 2019