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Lower interest income cuts NIC profit to Sh952m

NIC Bank Group Managing Director John Gachora. FILE PHOTO | NMG

By  DAVID HERBLING

NIC Bank #ticker:NIC has announced a 3.9 per cent dip in first quarter net earnings attributed to lower interest income.

The mid-sized bank said net profit stood at Sh952.03 million in the three months to March 2017 compared to Sh990.7 million in a similar period last year.

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Note: The results are not exact but very close to the actual.

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