KCB Group shareholders will receive a total dividend of Sh9.6 billion for the 2024 financial year, following approval at the company’s annual general meeting in Nairobi on Thursday.

The payout includes a final dividend of Sh1.50 per share, scheduled to be distributed around 23 May 2025, to those listed on the register by the close of April 3, 2025.

This is in addition to an interim dividend of the same amount paid in October 2024, bringing the annual payout to Sh3.00 per share.

A 90 per cent rise in the Group’s share price during the year pushed the total return to shareholders to 97.2 per cent, reversing the 42.5 per cent decline seen in 2023.

While addressing investors during the AGM, Group Chairman Dr Joseph Kinyua offered a measured assessment of the past year.

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"Amidst a challenging operating environment, KCB Group remains committed to supporting businesses, individuals, and communities to weather the challenges and, where possible, provide opportunities for growth through its regional footprint and diverse products, services and solutions," Kinyua.

Earlier this week, the Group reported an after-tax profit of Sh16.53 billion for the first quarter ending March 2025, slightly higher than the Sh16.48 billion recorded over the same period last year.

Revenues rose to Sh49.4 billion, up by 2 per cent, while total assets reached Sh2.03 trillion, supported by a steady loan book.

Subsidiaries outside Kenya accounted for 32 per cent of the Group’s profit before tax, reflecting efforts to expand regionally.

KCB Group CEO Paul Russo explained the dividend payments and the Group’s strategic direction.

“The past year provided the Bank with an opportunity to showcase its resilience underscoring the strength of our fundamentals, strategic direction, and leadership depth. Our focus remains on leveraging the Group’s scale, capabilities and partners, to deepen financial inclusion and availing the relevant products and services that contribute to economic growth, sustainability, and shareholder value. Based on our performance for the year and our commitment to providing our shareholders with long-term sustainable value from their investment, the Group proposed the payment of interim and final dividends, while ensuring adequate capital retention for growth and regional expansion.”


During the meeting, shareholders were also informed that the sale of National Bank of Kenya to Access Bank PLC is nearing completion. The Central Bank of Kenya has granted regulatory approval, and the National Treasury Cabinet Secretary has sanctioned the transfer of specific NBK assets and liabilities to KCB Bank Kenya under Section 9 of the Banking Act.


On the sustainability front, KCB said it had disbursed Sh53.2 billion in green financing and screened Sh513 billion in loans using its Environmental and Social Due Diligence (ESDD) framework.


The Group also reported continued investment in regional social programmes through the KCB Foundation.