Nic Bank News

NIC share sprint eases after initial excitement

Nic Bank shares yesterday dropped 9.2 per cent to close the day at Sh25, indicating a slow down in the share purchase ahead of planned merger with CBA.

The Star , Kenya Dec 11, 2018

Mergers to help banks weather interest rate caps

Analysts have cited merger talks between Nic Bank #ticker:NIC and Commercial Bank of Africa (CBA), which if successful will create the third-largest lender by assets as a potential new trend.

Business Daily Africa , Kenya Dec 10, 2018

Rotich pushes for bank mergers

Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between Nic Bank and Commercial Bank of Africa (CBA), saying it represented the direction that local banks should take.

Daily Nation , Kenya Dec 9, 2018

Rotich pushes for bank mergers

Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between Nic Bank #ticker:NIC and Commercial Bank of Africa (CBA), saying it represented the direction that local banks should take.

Business Daily Africa , Kenya Dec 9, 2018

Fashion retailer Deacons’ creditors have two weeks to submit claims

Nic Bank #ticker:NIC had also given it Sh94.28 million overdraft and Sh430.67 million loan while Bank of Uganda had loaned it Sh14.65 million.

Business Daily Africa , Kenya Dec 9, 2018

NIC Bank stock rises 32pc after news of merger

Capital Markets NIC stock rises 32pc after news of merger with Kenyatta-linked bank Nic Bank #ticker:NIC shares jumped 32 percent on news of merger talks with Commercial Bank of Africa (CBA), raising the mid-tier lender's shareholder wealth by Sh4.7 billion.

Business Daily Africa , Kenya Dec 8, 2018

Kenyan finance minister welcomes NIC Bank, CBA merger talks

REUTERS/Thomas Mukoya NAIROBI (Reuters) - Merger talks between Nic Bank and Commercial Bank of Africa were welcome, because a deal would help strengthen the financial sector, Kenya’s finance minister said on Friday.

Reuters , Africa Dec 7, 2018

Uhuru family bank to merge with NIC

The Kenyatta family-linked CBA Bank and the Nic Bank are in talks on a possible merger.

The Star , Kenya Dec 7, 2018

Uhuru family-linked CBA in talks to merge with NIC

CBA and Nic Bank are in talks on a possible merger.

The Star , Kenya Dec 6, 2018