KCB Group shareholders are set to receive KES9.6 billion in dividend payout after the lender posted a strong performance in 2024, recording a net profit of KES61.8 billion. 

The Board of Directors has recommended a final dividend of KES1.5 per share, payable on or around May 23, 2025. This brings the total dividend payout for the year to KES3 per share, amounting to a total of KES9.6 billion for 2024.

Group CEO Paul Russo noted that the payout underscores KCB’s commitment to delivering shareholder value while maintaining a solid growth trajectory.

“Our performance reflects our strategic focus on revenue growth, cost efficiencies, and strengthening our balance sheet,” said Russo while releasing the lender's results on Wednesday.

He added, "“The strong performance illustrates our resolve over the past 3 years to build an organisation for the future that is anchored on delivering value for our customers, shareholders and all stakeholders."

The Group's net profit surged 64.9 percent, driven by increased revenues and cost optimization measures. Total revenue soared 24 percent to KES204.9 billion, fueled by higher interest income (28 percent) and a surge in non-funded income (33 percent) from foreign exchange trading.

At the same time, the bank’s balance sheet remained robust, closing the year at KES1.96 trillion, supported by a strong deposit base and a stable loan portfolio. Notably, KCB’s regional subsidiaries played a crucial role in this growth, contributing 30 percent of the Group’s net profit. Revenues from subsidiaries across Eastern Africa climbed 16 percent to KES73.28 billion.

“Our investments in regional markets are delivering strong returns, a testament to the dedication of our teams in building a more collaborative and efficient business model,” noted KCB Group Board Chairman, Dr. Joseph Kinyua.

KCB’s digital lending segment also experienced significant momentum, with mobile loan disbursements rising 21 percent to KES407 billion. However, gross non-performing loans increased by 8.4 percent to KES225.7 billion, reflecting the hard economic conditions in different sectors across the markets.

"We are optimistic that there will be a pickup in economic activity this year across markets, supported by resilience of key service sectors and agriculture, expected recovery in growth of credit to the private sector, and improved exports," noted Dr. Kinyua.

Additionally, the bank’s Female-Led and Managed Enterprises (FLME) initiative continued to bridge financing gaps for women-led businesses. Through unsecured lending, capacity-building programmes, and mentorship, KCB said it empowered over 860 female entrepreneurs last year.

Under FLME, KCB Group has set aside KES250 billion for five years as a way bridge the financial access gap that exists.

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