KCB Shareholders Approve KShs. 9.6 Billion Dividend as Returns Surge
KCB Shareholders Approve KShs. 9.6 Billion Dividend as Returns Surge
KCB Group Plc shareholders have approved a total dividend payout of KShs. 9.6 billion for the 2024 financial year. This reflects the Group’s ongoing effort to deliver shareholder value while expanding across East Africa.
The approval came during the Annual General Meeting held in Nairobi, where shareholders endorsed a final dividend of KShs. 1.50 per share, as recommended by the Board. This will be paid on or about May 23, 2025, to shareholders on record as of April 3, 2025.
Together with an interim dividend of KShs. 1.50 paid on October 23, 2024, the total payout for the year stands at KShs. 3.00 per share.
KCB also recorded a 90.0% share price gain in 2024. Combined with the dividend payout, this brought the total shareholder return to 97.2%, a major turnaround from -42.5% in 2023.
Group Chairman Dr. Joseph Kinyua stated: “Amid a challenging operating environment, KCB remains focused on supporting individuals, businesses, and communities. We are leveraging our regional presence and a wide range of financial solutions to foster growth.”
KCB Shareholders Approve KShs. 9.6 Billion Dividend as Returns Surge
Profits, Regional Expansion, and Sustainability Take Centre Stage
KCB Group reported a profit after tax of KShs. 16.53 billion for Q1 2025, a slight increase from KShs. 16.48 billion in the same period last year. Total revenue rose by 2% to KShs. 49.4 billion, while the balance sheet closed at KShs. 2.03 trillion, up from KShs. 1.99 trillion.
Subsidiaries outside Kenya contributed 32% of profit before tax, highlighting the success of KCB’s regional growth strategy.
CEO Paul Russo commented: “We showcased our resilience last year. Our focus is on using our scale and partnerships to promote financial inclusion, drive economic growth, and ensure long-term value for shareholders.”
Shareholders were also briefed on the nearing completion of the National Bank of Kenya (NBK) sale to Access Bank PLC. The transaction has received approval from the Central Bank of Kenya and the National Treasury.
On the sustainability front, KCB disbursed KShs. 53.2 billion in green loans in 2024. The bank also screened KShs. 513 billion worth of loans under its Environmental and Social Due Diligence tool.
Through the KCB Foundation, the bank continued to support community programs across the region as part of its shared value agenda.
