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Originally published by Capital Business
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business
August 13, 2025
1mo ago

KCB declares Sh13bn dividend as net profit climbs to Sh32.3bn

KCB declares Sh13bn dividend as net profit climbs to Sh32.3bn

NAIROBI, Kenya, Aug 13 - KCB Group has announced a record Sh13 billion dividend payout after its board recommended an interim dividend of Sh2 per share Kenya breaking news | Kenya news today |..

✨ Key Highlights

KCB Group has announced a record Sh13 billion dividend payout following an impressive 8 percent growth in profit after tax to Sh32.3 billion for the first half of 2025. This significant financial performance reinforces the bank's strong position in the market.

  • KCB Group declared a total dividend of Sh13 billion, comprising an interim dividend of Sh2 per share and a special dividend of Sh2 per share linked to the National Bank of Kenya (NBK) sale.
  • The bank's net profit climbed to Sh32.3 billion, an 8 percent increase from Sh29.9 billion in the same period last year.
  • Subsidiaries outside Kenya, including those in Tanzania and Uganda, contributed a substantial 33.4 percent to the Group’s overall gross profit.
  • The loan portfolio grew by 2.8 percent to Sh1.18 trillion, excluding the NBK sale, driven by new business across subsidiaries.
  • Total revenue for the period rose by 4.3 percent to Sh69.1 billion, attributed to higher net interest income.
  • Paul Russo, Group CEO, highlighted the resilience of the business across markets despite challenging operating environments.

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Part of the Day's Coverage

KCB Declares Sh13bn Dividend and Launches App; Equity Bank Awards Sh2.8bn in Scholarships - August 2025

KCB Bank has launched a new, enhanced mobile banking app designed to provide faster, more secure, and user-friendly financial services in Kenya. The bank also declared a Sh13 billion dividend as its net profit climbed to Sh32.3 billion. In other banking news, Equity Bank has awarded scholarships worth Sh2.8 billion to 128 students from East and Central Africa. These scholarships, provided through the Equity Leaders Program (ELP), will support studies at prestigious global universities.

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