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NIC Bank
NIC Bank, whose full name is National Industrial Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator. ==Overview== NIC Bank is a large financial services provider in East Africa. Headquartered in Nairobi, Kenya, the bank owns subsidiary companies in Kenya, Uganda and a controlling interest (51% shareholding), in NIC Bank Tanzania, a commercial bank in neighboring Tanzania. In May 2012, NIC Bank opened a 100% subsidiary, NC Bank Uganda. , NIC Bank's total asset base was valued at about US$1.308 billion (KES:112.92 billion), with shareholder's equity of approximately US$204.2 million (KES:17.631 billion). At that time, the bank was ranked number 9, by assets, out of 43 license banks in the country.
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