NIC Bank logs 9pc growth in Q3 earnings

NIC Bank has annouced a 9 per cent rise in net profit for the first nine months of this year to S.6 billion the lender said on Wednesday.

The bank, which also operates in Uganda and Tanzania, said net interest income rose by more than Sh1 billion to Sh7 billion on the back of growth in lending.

Earnings per share edged up to Sh5.61 from Sh5.58 in the corresponding period last year.

SOURCE: BUSINESS DAILY