NC Bank Uganda Limited was incorporated in Uganda on August 8th 2011 and was granted a license to transact financial institutions business by the Bank of Uganda on February 8th 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.