NC Bank Uganda Limited was incorporated in Uganda on the 8th of August 2011 and was granted a license to transact financial institutions business by the Bank of Uganda on the 8th of February 2012.
NC Bank is licensed to conduct commercial banking business as well as to provide finance and operating leases.
NC Bank Uganda Limited is a wholly owned subsidiary of NIC Bank Limited (formerly National Industrial Credit Bank Limited) which has its headquarters in Nairobi, Kenya. NIC Bank was incorporated in Kenya on 29th September 1959 and was among the first non-bank financial institutions formed to provide hire purchase and instalment credit finance facilities in Kenya. NIC obtained a commercial banking license in 1995.
NIC Bank prides itself as a one stop shop by providing a wide range of financial products and services that include asset finance, personal and business current accounts, savings accounts, credit cards, trade finance, insurance premium financing, foreign exchange services and institutional banking. The one-stop-shop concept is further enhanced through the products and services offered by NIC Bank Limited’s subsidiaries:
NIC Insurance Agents for Bancassurance
NIC Capital for Investment banking services
NIC Securities offering stock brokerage services.
The NIC Bank Group has grown tremendously over the years, with NIC Bank Limited having acquired a stake in Tanzania’s Savings and Finance (S&F) Commercial Bank in 2009 and successfully re-branding it to NIC Bank Tanzania in 2010. In Tanzania the bank has branches in Arusha, Mwanza, Kahama,and Dar es Salaam.