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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
NIC Group has posted a profit after tax of Sh4.5 billion, for the year ending December 31, compared to Sh4.1 billion in 2014, representing a year on year growth of 9 percent. The Bank’s operating profit was up by 23 percent, representing strong growth in the bank’s core business.
Net Profit however was weighed down by a significant increase in loan loss provisions which the Bank attributed to a few large names.
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