Family Bank’s board is proposing to pay Sh798 million dividend despite the net profit for the year ended December 2022 dropping by 4.1 percent to Sh2.21 billion on increased costs.
The lender said it would pay a first and final dividend of Sh0.62 per share, a cut from the previous year, where dividends totalled Sh1.1 billion or Sh0.83 per share.
