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Eight bank CEOs get Sh817m bonus
Many lenders have openly linked their performance-based bonus scheme, which extends to all staff, to the continued rise in performance even in challenging economic times.
Bonus payouts for eight chief executive officers (CEOs) of Kenya’s listed banks soared 26.5 percent to reach Sh817 million on the back of record profits that also delivered higher dividends to shareholders.
The bosses of Co-operative Bank of Kenya, KCB Group, Equity Group, NCBA Group, Stanbic Holdings, I&M, Absa Bank Kenya and Standard Chartered Kenya increased their payouts from Sh645.91 million in 2024, regulatory filings show.
