NIC Bank has a fully-fledged Treasury division dedicated to providing innovative solutions for your Foreign Exchange needs. The division boasts of a fully integrated information system that has the capacity to accommodate various treasury products.
We have treasury management products for currency hedging that strive to minimize the exposure to exchange rate fluctuations, thereby minimizing the uncertainty of future transactions denominated in a foreign currency and providing some stability to your earnings and cash flow.
In addition, our treasury team is available to provide relevant advice and up-to-date analysis on the different financial markets that a client may seek. The team is dedicated to handling your business needs in a timely fashion by offering personalized service in conjunction with other business units in the bank.
We have launched a new feature dubbed FX NOW on the NIC NOW App. With this feature you can now buy and sell USD, GBP, EUR, ZAR and KES straight from your phone at the best rates. FX NOW is available through the transaction menu. Please note that you will need to have a Foreign Currency account to use this feature.