Co-operative Bank is mulling expanding into Rwanda as early as this year, says a banking report by Renaissance Capital.

NIC Group has posted a profit after tax of Sh4.5 billion, for the year ending December 31, compared to Sh4.1 billion in 2014, representing a year on year growth of 9 percent. The Bank’s operating profit was up by 23 percent, representing strong growth in the bank’s core business.

KCB Group has posted a 16 percent increase in net profit for 2015 to hit Sh19.6 billion up from Sh16.8 billion in 2014.

The Capital Markets Authority (CMA) has given Fusion Capital the green light to issue two Development Real Estate Investment Trusts (D-REIT), the first such securities to be launched in Kenya.