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 says pretax profit up 10 pct in first half

19 August 2015, 21:32

Nairobi - NIC Bank increased lending in the first half to boost its pretax profit 10 percent from a year earlier to 3.2 billion shillings ($31 million), it said on Wednesday.

The lender, which also operates in Uganda and Tanzania, said loans grew 18 percent to 108 billion shillings, with growth spread across corporate and retail clients.

"For the second half of 2015, our focus remains on managing funding costs and operating expenses in addition to minimizing impairment costs through proactive risk management," John Gachora, group chief executive, said in a statement.

NIC said profit growth also reflected the performance of its insurance and securities brokerage businesses.

($1 = 103.2500 Kenyan shillings)

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- Reuters


Read News24’s Comments Policy

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

Read more from our Users

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...

Submitted by
William Korir
Mudavadi given permission to join...

Musalia Mudavadi has been ghranted permission by his party to join the CORD Coalition. Read more...

Submitted by
Victor Tinto
EACC officers raid Deputy Governo...

EACC officers raided the home of a Deputy Governor as theft case continues in court. Read more...

Submitted by
Wilson Ochieng
New IEBC bosses to be named Novem...

New IEBC bosses will be named on November 30. Read more...

Submitted by
William Korir
DP Ruto has spoilt my name, activ...

DP William Ruto has spoilt my name, activist complains. Read more...

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...