KCB Group shareholders will get KES9.6 billion in dividends after a record KES61.8 billion net profit in 2024. The Board of Directors has recommended a KES1.5 per share final dividend, bringing the total dividend for the year to KES3 per share payable on or around May 23, 2025.

Good Performance

KCB’s net profit grew 64.9% driven by higher revenue streams and cost efficiency measures. The Group’s total revenue was KES204.9 billion with:

  • Interest income up 28% due to loan book growth.

  • Non-funded income up 33% driven by foreign exchange trading.

“Performance reflects our focus on revenue growth, cost efficiencies and strengthening the balance sheet,” said Group CEO Paul Russo.

He added, “The performance shows we have been committed over the last three years to building an organization for the future that is about delivering value to our customers, shareholders and all stakeholders.”

Robust Balance Sheet and Regional Growth

KCB’s balance sheet was resilient, closing at KES1.96 trillion with:

  • Strong deposit base.

  • Stable loan book.

  • Regional growth, with subsidiaries contributing 30% of total net profit.

Revenue from KCB’s subsidiaries in Eastern Africa was KES73.28 billion, up 16% from last year, a testament to the bank’s regional expansion.

“Our investments in regional markets are paying off, a sign of the hard work our teams have put in to build a more collaborative and efficient business model,” said KCB Group Board Chairman, Dr. Joseph Kinyua.

Digital Lending and Non-Performing Loans

KCB’s digital lending segment was strong with:

  • Mobile loan disbursements up 21% to KES407 billion.

  • Gross NPLs up 8.4% to KES225.7 billion due to economic challenges in various sectors.Dr. Kinyua is positive for 2025 citing resilience in service sectors, private sector credit growth and exports as the key drivers of the economy.

Women Entrepreneurs

KCB’s Female-Led and Managed Enterprises (FLME) programme continues to close the financing gap for women entrepreneurs. In 2024:

  • 860 women entrepreneurs benefited from unsecured lending, capacity building and mentorship.

  • KCB has set aside KES250 billion for five years for women-led businesses.

Conclusion

KCB Group’s good performance, robust balance sheet and regional growth places it among Kenya’s top banks. The KES9.6 billion dividend shows the bank’s commitment to delivering value to its shareholders and business growth across various sectors.