, NAIROBI, Kenya, Feb 22 – Nic Bank has set its foot in Zanzibar with a new branch.
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.
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.
The company is also indebted to Nic Bank and Bank of Baroda.
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.
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.
Banks The banking sector has rebounded strongly with Nic Bank +21.4%.
Also in top 10 gainers list were Express Kenya, Olympia Capital, Housing Finance, Nic Bank, Eagaads, Eveready East Africa, Car & General and Sanlam Kenya.
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).
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.