Nile Bank to Join Uganda Securities Exchange in November

Investors will get their shot at a 20% stake in Nile Bank when the firm launches its IPO in November.

Here's a quick rundown of the company's 2005 performance:

- total assets up 70%
- deposit growth up 82%
- earnings per share up 35%
- payout ratio at 25%
- bad debt provision below 1%