Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


NIC Bank gets regulator approval for bonus share issue

08 April 2014, 10:59

Nairobi -  The NIC Bank said on Tuesday it had received regulatory approval for a bonus share issue of one new ordinary share for every 10 fully paid up ordinary shares.

Ranked in the second tier of Kenyan banks, NIC said in a statement that the bonus share issue remained subject to shareholder approval.

The bank, which also operates in Tanzania and Uganda, posted an 11 percent rise in pretax profit in 2013, helped by growth in net interest income.

The new shares would be issued to shareholders on May 8, the bank said.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Ben Wangui
Uhuru Kenyatta's bag of goodies t...

He promised to go back with more goodies next week. Read more...

Submitted by
Solomon Opala
Are women after money only

Many feel that it takes only a fat wallet to please a woman. Read more...

Submitted by
George Vodongo
Kalonzo says he will defeat UhuRu...

Wiper leader Kalonzo Musyoka has expressed confidence that he will send the Jubilee government home in the upcoming Presidential election. Read more...

Submitted by
S Mbinya
Why Caffeine Is Used for Weight L...

The following are the reasons why caffeine is used for weight loss. Read more...

Submitted by
S Mbinya
What guys want in relationships

Here are the top four things guys need in a relationship. Read more...

Submitted by
EACC recovers KES3.5 million stol...

EACC has recovered KES 3.5 million stolen from Mukurwe-ini Constituency Development Fund (CDF) by former committee members managing the kitty. Read more...