Banking CEOs’ bonus millions revealed

Co-operative Bank CEO Gideon Muriuki. 

Photo credit: File | Nation Media Group

Bonuses for chief executives of Kenya’s listed banks rose by Sh46.9 million last year to reach Sh364.8 million in the wake of record banking profits that also delivered outsize shareholder payouts.

Some lenders maintained a freeze on payouts while others reinstated or expanded the cash rewards as the sector recovered from the Covid-19 led economic slowdown of 2020.

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Note: The results are not exact but very close to the actual.