Why NIC Bank is in the market to raise funds

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Why NIC Bank is in the market to raise funds

22nd August, 2014

Fresh guidelines by the Central Bank of Kenya requiring all Commercial Banks to raise their capital adequacy ratios by the end of the year have seen lenders venture into capital raising initiatives. NIC Bank is one of such lenders who is seeking funds not just to meet CBK’S requirement, but also to finance the next expansion cycle that will focus on developing new and existing business lines.

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