Kenya: NIC Bank Reports Rise in Profit

20 February 2013

Nairobi — NIC Bank Group Ltd has reported a Sh4.5 billion profit before tax for the year ended December 31, 2012 representing an increase of 25 percent from the Sh3.6 billion registered in the previous year.

Announcing the results on Tuesday, the group Managing Director James Macharia said: "NIC Bank achieved strong results in 2012, notwithstanding the increasingly challenging operating environment."

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.