@DailyNation

NIC Bank profit up 2pc, shareholders set for higher dividend - 1 months ago, 21 Mar 21:53

Charles Mwaniki

NIC Bank’s net earnings for 2018 rose by a slim two percent to Sh4.23 billion on the back of higher non-funded income and a cut in loan loss provision that offset falling interest income.

The mid-tier lender was able to reverse the profit fall that it had recorded in 2017 largely due to the 11.4 percent rise in non-interest income to Sh4.64 billion.

Interest income fell by 1.8 percent to Sh10.58 billion, on a contracting loan book that stood at Sh118.1 billion compared to Sh119.8 billion previously.

NIC instead turned to government securities to grow its lending portfolio, raising its holdings of the paper to Sh58.1 billion from Sh51.5 billion.

“The contraction (in interest income) suggests the bank lowered its interest charges on loans to support the falling loan-book,” said Apex Africa investment bank analyst Harrison Gitau in a note on the results.

“The bank has increased investment in government securities of late to insulate ...
Read More


Category: topnews news business

Item ID: 2528dbc6-ca25-4fad-84fb-89d1c7f3cbe1

kadiNewsItemCategoryList
  1. newsPriority: 0.034
  2. calculatedNewsPriority: 11.451
  3. description: View the latest and breaking Top News
  4. parsedURL: http://www.nation.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.022
  2. calculatedNewsPriority: 11.439
  3. description: View the latest and breaking News
  4. parsedURL: http://www.nation.co.ke/business/996-996-x0uutpz/index.html
  5. name: news
  6. title: News

  1. newsPriority: 0.022
  2. calculatedNewsPriority: 11.439
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.nation.co.ke/business/996-996-x0uutpz/index.html
  5. name: business
  6. title: Business News

compoundTime
  1. timeLastCalculatedUpdate: Mar 21, 2019 9:53:39 PM
  2. timeModifiedAsFromUser: Mar 21, 2019 6:48:24 PM
  3. timeCreatedAsFromServer: Mar 21, 2019 9:53:39 PM
  4. timeUpdatedAsFromUser: Mar 21, 2019 9:55:19 PM
  5. timeCreatedAsFromUser: Mar 21, 2019 5:28:34 PM
  6. timeUpdatedAsFromServer: Mar 21, 2019 9:55:19 PM
  7. timeModifiedAsFromServer: Mar 21, 2019 9:53:15 PM

Suggested

12 minutes
Cherono: London heartache inspired my Boston victory

Newly crowned Boston Marathon champion Lawrence Cherono has attributed his jaw dropping victory to the London Marathon heartache. Cherono was in imperious form on Monday clocking 2:07:57 to win the ...

Category: topnews news

Item ID: 3530047c-bccf-48d6-9d9b-81e633bd1b1e

kadiNewsItemCategoryList
  1. newsPriority: 0.003
  2. calculatedNewsPriority: 0.003
  3. description: View the latest and breaking Top News
  4. parsedURL: https://citizentv.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.003
  2. calculatedNewsPriority: 0.003
  3. description: View the latest and breaking News
  4. parsedURL: https://citizentv.co.ke/
  5. name: news
  6. title: News

compoundTime
  1. timeLastCalculatedUpdate: Apr 19, 2019 11:07:19 AM
  2. timeModifiedAsFromUser: Apr 19, 2019 11:04:00 AM
  3. timeCreatedAsFromServer: Apr 19, 2019 11:07:19 AM
  4. timeUpdatedAsFromUser: Apr 19, 2019 11:15:10 AM
  5. timeCreatedAsFromUser: Apr 19, 2019 11:04:00 AM
  6. timeUpdatedAsFromServer: Apr 19, 2019 11:15:10 AM
  7. timeModifiedAsFromServer: Apr 19, 2019 11:07:19 AM
1 hours ago, 10:06
Protesters throng Khartoum a week after Bashir ouster

Huge crowds of protesters on Thursday thronged the Sudanese capital Khartoum a week after the army's ouster of president Omar al-Bashir, determined to complete their revolution seeking civilian rule. ...

Category: topnews news

Item ID: 9f1381cb-5b8f-4575-87f0-9607874b0bf6

kadiNewsItemCategoryList
  1. newsPriority: 0.003
  2. calculatedNewsPriority: 0.003
  3. description: View the latest and breaking Top News
  4. parsedURL: http://www.nation.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.003
  2. calculatedNewsPriority: 0.003
  3. description: View the latest and breaking News
  4. parsedURL: http://www.nation.co.ke/
  5. name: news
  6. title: News

compoundTime
  1. timeLastCalculatedUpdate: Apr 19, 2019 10:06:31 AM
  2. timeModifiedAsFromUser: Apr 19, 2019 7:01:44 AM
  3. timeCreatedAsFromServer: Apr 19, 2019 10:06:31 AM
  4. timeUpdatedAsFromUser: Apr 19, 2019 10:07:28 AM
  5. timeCreatedAsFromUser: Apr 19, 2019 6:09:58 AM
  6. timeUpdatedAsFromServer: Apr 19, 2019 10:07:28 AM
  7. timeModifiedAsFromServer: Apr 19, 2019 10:06:31 AM
12 minutes
Don’t write us off just yet, troubled Uchumi Supermarket says

Beleagured retailer Uchumi supermarket says it should not be written off just yet. Speaking to Citizen Digital, Uchumi CEO Mohammed Ahmed says plans are on to liquidate over Ksh.3.2 billion in assets ...

Category: topnews news

Item ID: 8af7ff30-48e8-44de-8ac5-a18e65ef5dbd

kadiNewsItemCategoryList
  1. newsPriority: 0.004
  2. calculatedNewsPriority: 0.004
  3. description: View the latest and breaking Top News
  4. parsedURL: https://citizentv.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.004
  2. calculatedNewsPriority: 0.004
  3. description: View the latest and breaking News
  4. parsedURL: https://citizentv.co.ke/
  5. name: news
  6. title: News

compoundTime
  1. timeLastCalculatedUpdate: Apr 19, 2019 11:07:21 AM
  2. timeModifiedAsFromUser: Apr 19, 2019 11:03:00 AM
  3. timeCreatedAsFromServer: Apr 19, 2019 11:07:21 AM
  4. timeUpdatedAsFromUser: Apr 19, 2019 11:15:10 AM
  5. timeCreatedAsFromUser: Apr 19, 2019 11:03:00 AM
  6. timeUpdatedAsFromServer: Apr 19, 2019 11:15:10 AM
  7. timeModifiedAsFromServer: Apr 19, 2019 11:07:19 AM
22 minutes
13 killed as church roof collapses in South Africa

JOHANNESBURG The roof of a church collapsed during mass near the eastern South African city of Durban, killing 13 people and injuring at least 16, officials said Friday. The accident happened on ...

Category: topnews news

Item ID: f346a4b5-8b3b-4609-a21d-120a8af0b65e

kadiNewsItemCategoryList
  1. newsPriority: 0.004
  2. calculatedNewsPriority: 0.004
  3. description: View the latest and breaking Top News
  4. parsedURL: http://www.nation.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.004
  2. calculatedNewsPriority: 0.004
  3. description: View the latest and breaking News
  4. parsedURL: http://www.nation.co.ke/
  5. name: news
  6. title: News

compoundTime
  1. timeLastCalculatedUpdate: Apr 19, 2019 10:56:35 AM
  2. timeModifiedAsFromUser: Apr 19, 2019 7:51:03 AM
  3. timeCreatedAsFromServer: Apr 19, 2019 10:56:35 AM
  4. timeUpdatedAsFromUser: Apr 19, 2019 10:57:00 AM
  5. timeCreatedAsFromUser: Apr 19, 2019 7:46:13 AM
  6. timeUpdatedAsFromServer: Apr 19, 2019 10:57:00 AM
  7. timeModifiedAsFromServer: Apr 19, 2019 10:56:35 AM
7 minutes
Record 17.4 million watch ‘Game of Thrones’ kickoff for final season

Some 17.4 million Americans watched the first episode of the final season of television’s “Game of Thrones” – a record audience for the medieval fantasy series, cable channel HBO said on Monday. HBO ...

Category: lifestyle topnews news

Item ID: eb2446e2-51f3-41d0-96f4-48fc399e51d3

kadiNewsItemCategoryList
  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.011
  3. description: View the latest Lifestyle News
  4. parsedURL: https://citizentv.co.ke/lifestyle/
  5. name: lifestyle
  6. title: LifeStyle News

  1. newsPriority: 0.005
  2. calculatedNewsPriority: 0.005
  3. description: View the latest and breaking Top News
  4. parsedURL: https://citizentv.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.005
  2. calculatedNewsPriority: 0.005
  3. description: View the latest and breaking News
  4. parsedURL: https://citizentv.co.ke/
  5. name: news
  6. title: News

compoundTime
  1. timeLastCalculatedUpdate: Apr 19, 2019 11:11:46 AM
  2. timeModifiedAsFromUser: Apr 19, 2019 11:11:00 AM
  3. timeCreatedAsFromServer: Apr 19, 2019 11:11:46 AM
  4. timeUpdatedAsFromUser: Apr 19, 2019 11:12:42 AM
  5. timeCreatedAsFromUser: Apr 19, 2019 11:11:00 AM
  6. timeUpdatedAsFromServer: Apr 19, 2019 11:12:42 AM
  7. timeModifiedAsFromServer: Apr 19, 2019 11:11:46 AM
22 minutes
Kenya issues cholera alert in five counties after 6 people die

The Kenyan Government has raised a cholera alert in the five counties of Narok, Kajiado, Nairobi, Garissa and Machakos with six deaths reported since January. The Health ministry said suspected cases ...

Category: topnews news

Item ID: 5babe5b1-6f13-457b-b766-c97163f4088c

kadiNewsItemCategoryList
  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.011
  3. description: View the latest and breaking Top News
  4. parsedURL: http://www.theeastafrican.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.011
  3. description: View the latest and breaking News
  4. parsedURL: http://www.theeastafrican.co.ke/
  5. name: news
  6. title: News

compoundTime
  1. timeLastCalculatedUpdate: Apr 19, 2019 10:57:28 AM
  2. timeModifiedAsFromUser: Apr 19, 2019 7:48:18 AM
  3. timeCreatedAsFromServer: Apr 19, 2019 10:57:28 AM
  4. timeUpdatedAsFromUser: Apr 19, 2019 11:07:23 AM
  5. timeCreatedAsFromUser: Apr 19, 2019 7:48:18 AM
  6. timeUpdatedAsFromServer: Apr 19, 2019 11:07:23 AM
  7. timeModifiedAsFromServer: Apr 19, 2019 10:57:28 AM