KCB board proposes Sh3.2bn dividend after profits hit Sh30bn
KCB Group Chairman Andrew Kairu (right) and KCB Group Chief Financial Officer Lawrence Kimathi during the lender's H1 financial results at the Nairobi Serena Hotel.
The board of KCB Group has proposed to pay its shareholders Sh3.2 billion in dividends, after reporting a Sh30.6 billion net profits between January and September.
The lender’s board proposed an interim dividend of Sh1 per share, after it recorded a 21.4 per cent growth in the profits in the first nine months of 2022, from the Sh25.2 billion it reported during a similar period last year.
