KCB Group Plc shareholders have approved a total dividend payout of KShs 9.6 billion for the 2024 financial year, signaling the bank’s strong performance and confidence in future growth.
During the Annual General Meeting held Thursday in Nairobi, shareholders backed the board’s recommendation for a final dividend of KShs 1.50 per share, to be paid on or about May 23, 2025. This follows an interim dividend of the same amount paid in October 2024, bringing the total to KShs 3.00 per share.
KCB’s total shareholder return for 2024 stood at an impressive 97.2%, driven by the dividend and a 90% share price appreciation — a sharp recovery from the negative returns of the previous year.
Speaking at the AGM, Group Chairman Dr. Joseph Kinyua highlighted the bank’s resilience amid a tough economic climate, crediting its diversified services and regional footprint.
On Wednesday, the Group posted a profit after tax of KShs 16.53 billion for Q1 2025, with revenue rising to KShs 49.4 billion and the balance sheet hitting KShs 2.03 trillion. Notably, 32% of pre-tax profits came from subsidiaries outside Kenya, reflecting strong regional performance.
CEO Paul Russo emphasized the Group’s commitment to financial inclusion, sustainability, and value creation, noting continued investments in green finance, with KShs 53.2 billion disbursed in green loans in 2024.
Shareholders were also briefed on the near-completion of the National Bank of Kenya sale to Access Bank, with approvals from the CBK and Treasury secured.
KCB Group says it remains focused on growth, sustainability, and strengthening its leadership across the East African financial sector.
